1st Subsection: Determination of net profits or income for the various categories of income

I. – Functional allowances received by local elected representatives pursuant to the General Code of Local Authorities are subject to income tax in accordance with the rules applicable to salaries and wages. (1) II. – Retirement pensions paid by optional retirement schemes for local elected representatives set up before the entry into force of the loi n° 92-108 du 3 février 1992 relative aux conditions d’exercice des mandats locaux sont…

1. Any compensation paid on termination of an employment contract constitutes taxable remuneration, subject to the following provisions. Do not constitute taxable remuneration: 1° The compensation referred to in articles L. 1235-1, L. 1235-2, L. 1235-3, L. 1235-3-1, L. 1235-11 to L. 1235-13, 7° of Article L. 1237-18-2 and 5° of Article L. 1237-19-1 of the French Labour Code as well as those paid under the measures provided for in…

Compensation, reimbursements and fixed expense allowances paid to the persons mentioned in the third paragraph of article 80 are, whatever their purpose, subject to income tax.

I. – The employee benefit corresponding to the value, at their acquisition date, of the shares allocated under the conditions defined in articles L. 225-197-1 to L. 225-197-5, L. 22-10-59 and L. 22-10-60 of the French Commercial Code is taxed in the hands of the beneficiary in the category of salaries and wages according to the procedures set out in article 200 A, 3, up to an annual limit of…

Distributions and net gains relating to units in venture capital mutual funds, specialised professional funds covered by article L. 214-37 of the Monetary and Financial Code in its version prior to Order no. 2013-676 of 25 July 2013 amending the legal framework for asset management, professional private equity funds, shares in venture capital companies or rights representing a financial investment in an entity mentioned in the last paragraph of 8…

The sums mentioned in 2° of Article L. 3332-11 of the Labour Code are subject to income tax according to the rules applicable to salaries and wages, with the exception of those not exceeding the ceiling provided for in the same 2° which benefit from the exemption provided for in a of 18° of the article 81 of the present code.

The following are exempt from tax: 1° Special allowances intended to cover expenses inherent to the function or employment and actually used in accordance with their purpose. The remuneration of journalists, editors, photographers, newspaper editors and drama and music critics received in their capacity as such constitute such allowances up to a maximum of €7,650. The same applies to the functional allowances mentioned in I of article 80 undecies B,…

The salaries paid to apprentices with a contract that meets the conditions laid down by the French Employment Code, as well as the bonus mentioned in article L. 124-6 of the French Education Code paid to trainees during an internship or period of on-the-job training are exempt from income tax up to the annual amount of the minimum growth wage. This provision applies to the apprentice or trainee who is…

The following are exempt from tax up to an annual limit of €460: 1. (Not applicable); 2. The amount of deductions made from wages in connection with the subscription of shares issued by sociétés coopératives de production and intended exclusively for their employees, under the conditions laid down by Articles 35 to 44 of Law no. 78-763 du 19 juillet 1978 portant statut de ces sociétés.

I.- The remuneration, increases and elements of remuneration mentioned in I and III of article L. 241-17 of the social security code are exempt from income tax, under the conditions and limits set out in the same article L. 241-17 and up to an annual limit equal to €7,500. II.-(Repealed). III.- The benefit of the exemption provided for in this article is subject to compliance with the condition set out…