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Article L221-22 of the French Monetary and Financial Code

Under certain conditions, the popular savings plan entitles the holder to tax benefits and, for plans opened after 22 September 1993, to a savings bonus. The operation of people’s savings plans is subject to documentary and on-site inspections by the Inspectorate General of Finance.

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Article L221-23 of the French Monetary and Financial Code

A Conseil d’Etat decree specifies the eligible transactions covered by the Mutual Insurance Code, Title III of Book VII of the Social Security Code or Article 1050 of the Rural Code and the procedures for applying this sub-section, in particular the reporting obligations of taxpayers and intermediaries.

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