The sums which could not be distributed because of the rules defined in articles L. 3314-5 and L. 3314-8 are, if the agreement so provides, immediately distributed among all the employees and, where applicable, the beneficiaries mentioned in article L. 3312-3 to whom sums of less than the ceiling of individual rights set in article L. 3314-8 have been paid. This ceiling may not be exceeded as a result of…
Companies which implement profit-sharing under the conditions provided for in this Title may deduct from the bases used for the assessment of corporation tax or income tax the amount of the sums paid in cash to the beneficiaries pursuant to the profit-sharing agreement. These sums are subject to income tax according to the rules set out in a of 5 of article 158 of the French General Tax Code. These…
When a beneficiary has subscribed to a company savings plan mentioned in Title III and allocates all or part of the sums allocated to him by the company under the profit-sharing scheme within a period specified by regulation, these sums are exempt from income tax up to an amount equal to three quarters of the average annual ceiling used to calculate social security contributions. When the employee and, where applicable,…
When a beneficiary mentioned in the third paragraph of article L. 3315-1 who has subscribed to an employee savings plan provided for in Title III allocates all or part of the sums allocated to him by the company under the profit-sharing scheme to the implementation of this plan, these sums are excluded from the basis of assessment for non-commercial profits and from the basis of assessment for industrial and commercial…
Incentive agreements concluded within a group of companies established in several Member States of the European Community are entitled to the exemptions provided for in articles L. 3315-1 to L. 3315-3 for premiums paid to their employees and to the persons mentioned in article L. 3312-3 by the companies located in France which are party to these agreements.
Where an agreement, valid within the meaning of article L. 2232-2, has been concluded or filed after the deadline, it will be effective between the parties but will only give entitlement to exemptions for calculation periods commencing after the filing date.
The provisions of this Title apply to private-law employers and their employees. A decree in the Council of State shall determine the public establishments of the State of an industrial and commercial nature and the companies, groupings or legal entities, whatever their legal status, of which more than half of the capital is held directly by the State, which are subject to the provisions of this Title. This decree sets…
A decree of the Conseil d’Etat shall determine the conditions under which this Title shall apply to parent companies and subsidiaries.
The purpose of profit-sharing is to guarantee employees the collective right to share in the company’s results. It takes the form of a deferred financial participation, calculated on the basis of the company’s net profit, constituting the special participation reserve. It is compulsory in the companies mentioned in this chapter. The obligation applies from the first financial year opened after the period of five consecutive calendar years mentioned in the…
Companies employing at least fifty employees guarantee the right of their employees to share in the company’s results. The same applies to undertakings constituting an economic and social unit referred to in article L. 2313-8 and comprising at least fifty employees. The basis, methods of calculation, as well as the methods of allocation and management of the profit-sharing are set by agreement under the conditions provided for by this title….
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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