Part One: State taxes

I. – For income tax or corporation tax purposes, operating expenses incurred in scientific or technical research operations may, at the company’s option, be capitalised or deducted from the results for the year or financial year in which they were incurred. When a company has chosen to deduct them, these expenses may not be taken into account when assessing the cost of inventories. These provisions apply to expenses incurred in…

If a company that has opted for the regime defined in the second paragraph of 1° bis of 1 of Article 39 is absorbed by a company that has not exercised this option, the paid holiday pay corresponding to the rights acquired by the transferred employees, during the neutralised period defined below, is not deductible. This neutralised period is the period during which the unused entitlements of these employees were…

For income tax or corporation tax purposes, expenses incurred in connection with preliminary archaeological studies or archaeological operations that constitute an element of the cost price of a fixed asset may be deducted from the results of the financial year in which they are incurred, if they are carried out in application of the provisions of the amended law of 27 September 1941 regulating archaeological excavations, the amended law no….