Part One: State taxes

I. – Insurance and reinsurance companies may set aside tax-free provisions to meet exceptional expenses relating to operations that cover risks due to natural elements, atomic risk, civil liability risks due to pollution and space risks. For financial years ending on or after 31 December 2001, the same applies to risks relating to terrorist attacks, terrorism and air transport. The limits within which annual allocations to these provisions may be…

I. – Insurance and reinsurance companies are authorised to set aside, free of tax, a provision relating to their credit insurance operations other than those carried out for export on behalf of the State or with its guarantee. II. – The annual allocation made to the provision provided for in I is limited to 75% of the amount of underwriting profit net of reinsurance cessions made by the company in…

I. – Insurance and reinsurance undertakings, supplementary occupational pension funds mentioned in Article L. 381-1 of the Insurance Code, the supplementary professional retirement mutuals or unions referred to in Article L. 214-1 du code de la mutualité et les institutions de retraite professionnelle supplémentaire mentionnées à l’article L. 942-1 of the Social Security Code may set up a tax-free provision to deal with fluctuations in claims experience relating to group…

I. – Insurance companies, supplementary occupational retirement funds mentioned in Article L. 381-1 of the Insurance Code, mutual insurance companies or supplementary occupational retirement unions mentioned in Article L. 214-1 du code de la mutualité or the institutions for supplementary professional retirement mentioned in article L. 942-1 of the Social Security Code may set up a tax-free provision to deal with the overall management loss relating to all life, nuptial,…

The allocations to the capitalisation reserve recognised as expenses for accounting purposes and their reversals which the persons mentioned in 1° to 6° and 9° to 11° of B of I of Article L. 612-2 of the Monetary and Financial Code made pursuant to the legislative and regulatory provisions of the Insurance Code, the Mutual Insurance Code or the Social Security Code that govern them are not taken into account…

The deposit guarantee and resolution fund mentioned in article L. 312-4 of the Monetary and Financial Code is authorised to set aside, free of tax, a provision for intervention risk as defined in article L. 312-9 of the same code.

Companies that let a property under the conditions provided for in article L. 313-7 of the Monetary and Financial Code may set aside a tax-free provision to take into account the difference between, on the one hand, the value of the land and the residual value of the buildings and, on the other hand, the price agreed for the possible sale of the building at the end of the leasing…

Sums allocated by virtue of the provisions of the texts adopted for the application of article L. 311-1 of the Code du Cinéma et de l’Image Animée to operators of public cinematographic establishments and to technical industries for the equipping and modernisation of studios and laboratories for the development and printing of films constitute a taxable profit. However, when they are allocated to the financing of work which, from a…

I. – French companies that invest abroad with a view to setting up a sales establishment, a design office or an information office, either directly or through a company in which they hold at least 10% of the capital, may set up a tax-free provision in an amount equal to the losses incurred during the first five years of operation of their establishment or this company, up to the limit…

The provisions of I quater and II bis of l’article 39 octies A et de Article 39 octies D do not apply to investments made for the purposes of banking, finance, insurance or the activities defined in article 35.