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Section XIV: Tax on surplus reserves of non-life insurance companies

Article 235 ter X of the French General Tax Code

Property and casualty insurance companies of all kinds must, when they apply to the taxable income for a financial year the surplus of provisions set aside to meet the settlement of claims arising during a previous financial year, pay a tax representing the interest corresponding to the cash flow advantage thus obtained. The tax is based on the amount of corporation tax that would have been payable in the year…

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