Article 231 bis S of the French General Tax Code

In accordance with the provisions of Article L. 3332-22 du code du travail, when a company carries out a capital increase reserved for members of a company savings scheme, the benefit constituted by the difference between the subscription price and the average share price, between the subscription price and the sale price or by the free allocation of shares is exempt from payroll tax.

The company savings scheme is a company savings scheme, and the benefit constituted by the difference between the subscription price and the average share price, between the subscription price and the sale price or by the free allocation of shares is exempt from payroll tax.

The company savings scheme is a company savings scheme.

Original in French 🇫🇷

Article 231 bis S

Conformément aux dispositions de l’article L. 3332-22 du code du travail, lorsqu’une société procède à une augmentation de capital réservée aux adhérents d’un plan d’épargne d’entreprise, l’avantage constitué par l’écart entre le prix de souscription et la moyenne des cours, entre le prix de souscription et le prix de cession ou par l’attribution gratuite d’actions est exonéré de taxe sur les salaires.