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Article 44 septdecies of the French General Tax Code

I.-In the priority development zones defined in II, companies that are created between 1 January 2019 and 31 December 2023 and that carry out an industrial, commercial or craft activity within the meaning of Article 34 are exempt from income tax or corporation tax on profits made, with the exception of capital gains recorded on the revaluation of assets, until the end of the twenty-third month following that of their…

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