Section II: Growth tax

The droit d’accroissement is paid by all companies or civil associations whose articles of association admit the addition of new members and contain a reversion clause for the benefit of the remaining members, from those who cease to be part of the company or association. This duty consists of an annual and compulsory tax on the gross value of the movable and immovable property owned by the companies and associations…

The tax is set at 0.40% for movable property and 0.70% for immovable property, of the value specified in Article 1005. Payment is made, for the previous year, within the first three months of the following year, to the tax department of the registered office on submission of a detailed declaration showing the nature and value of the assets.