Académique Documents
Professionnel Documents
Culture Documents
Part II
reduced tax rate has been increased from € 120 202.41 to € 300 000. Companies that have less than 25 employees,
a turnover below € 5 million are taxed on their annual profits below € 300 000 at 20 %, annual profits above this
threshold are taxed at 25 %. Companies that do no longer qualify for the SME special tax regime will nevertheless S
be able to apply the regime for three years following the loss for the SME qualification. Free depreciation is p
granted for all companies up to 2015. Some tax credits, including those for exports, are to be gradually phased out
by 2011, 2012 or 2014. The rules regarding tax credits for reinvestment have also been revised, in particular with
a
reference to the kind of assets involved. Finally, the R&D tax credit, whose projected phase-out will not take place, i
has been expanded to companies with more than 25 % of their research activity in another EU Member State or n
member of the EEA.
Local taxes
Regional governments received a significant share of total tax revenue (33 % of personal income tax; 35 % of
VAT; 40 % of excise duties on hydrocarbons, tobacco, beer and alcohol; 100 % of excise duties on electricity and
car registration). Indirect tax revenues are transferred according to a territorial consumption index. Statutory
personal income tax rates can be modified by the regional governments provided the structure retains progression
and the number of tax brackets is unchanged. Taxes on inheritance and gift tax, registration duties and fees on
lotteries and gambling are wholly assigned to territorial governments with almost complete jurisdictional powers.
Under the system applied since 2009, about 90 % of all autonomous communities’ resources come from taxes. In
this regard, autonomous communities benefit form an increased share in the ceded taxes (50 % of Personal Income
Tax and VAT and 58 % of Excise Taxes), as well as increased discretionary powers.
As of January 2012 a temporary surcharge (up to 2013) applies in the Real Estate Tax (municipal tax) for
immovable properties with an updated cadastral value over the average value in each municipality.
Social contributions
Each professional category has minimum and maximum contribution bases. Since 2012, the maximum monthly
base is € 3 262.50; the minimum varies depending on the type of work (ranging from 748.20 to 1 045.20 €/month).
The total rate for the general regime (including general risk, unemployment insurance and professional education
training) is 4.7 % of covered earnings for the employees and 23.6 % for employers for a total contribution of
28.3 %. Self-employed persons contribute between 26.5 % and 29.8 % of their earnings, with a minimum payment
of € 250 per month.