Section V: Calculation of tax

I.-For tax calculation purposes, taxable profit is rounded to the nearest euro. The fraction of a euro equal to 0.50 is counted as 1. The standard rate of tax is set at 25%. However: a. The net amount of long-term capital gains is subject to separate taxation at the rate of 15%. The net profit determined pursuant to Article 238 is subtracted from the profit subject to the normal rate…

Notwithstanding the provisions of article 219, the rate of corporation tax is set at 24% in respect of the income referred to in section 5 of article 206, received by non-profit-making public establishments, associations and collectivities. 1° This rate is set at 10% for: a. Income from debt securities mentioned in the first paragraph of article 124 B; b. Income from securities issued from 1 January 1987 as defined in…

By way of derogation from the provisions of article 219, compensation received by companies affected by acts of war for the repair of fixed assets or to replace destroyed stock may, at the request of these companies, only be subject to corporation tax at the rate of industrial and commercial profits tax or corporation tax in force during the financial year in which the amount of either the repair expenditure…

The withholding tax levied pursuant to article 182 B or from article 182 A bis is deductible from the amount of corporation tax that may be due on the income to which it relates.

1. a) Upon justification, the withholding tax to which the income from transferable securities, referred to in the articles 108 to 119,238 septies Band 1678 bis, received by the company or legal person shall be deducted from the amount of tax payable by it under this chapter. However, the deduction to be made in this respect may not exceed the fraction of the latter tax corresponding to the amount of…

The tax credit for research expenditure defined in article 244 quater B is deducted from the corporation tax payable by the company under the conditions set out in article 199 ter B (1). (1) See also Annex III art. 49 septies L.

The tax credit for collaborative research defined in Article 244 quater B bis is deducted from the corporation tax due by the company, under the conditions set out in Article 199 ter B bis.

The tax credit defined in Article 244 quater C is deducted from the corporation tax payable by the company under the conditions set out in Article 199 ter C.

The tax credit defined in article 244 quater E is deducted from the corporation tax payable by the company under the conditions set out in article 199 ter D.

The tax reduction defined in article 238 bis is deducted from the corporation tax due for the financial year in which the expenditure was incurred. Any excess is used for the payment of corporation tax due in respect of the five financial years following that in respect of which it is recognised. A decree sets out the reporting obligations and the terms and conditions for applying the provisions of this…