Projet de loi de finances

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Draft Finance Bill. Projet means ‘draft’. It contains the proposed changes to tax laws. It is presented by the French government to the French parliament near the end of the year. It is then debated and voted on by the end of the year. Unless specified otherwise the changes will apply to the current year onwards for income tax; to accounting periods ending in the current year for corporation tax; and from 1 January of the following year for other taxes. For example, the Projet de loi de finances for 2021 is presented at the end of 2020; it will apply to individuals’ 2020 income for income tax; to company profits of accounting periods ending in 2020 for corporation tax; and from 1 January 2021 for other taxes.

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