In a recent instruction dated November 29, 1996 (BOI 6E-9-96), the Tax Authorities cancel the doctrine included in a previous Minister answer and agree that the sums paid to employees as profit-sharing and legal incentive of the company are not retained in the taxable base of the business tax, insofar as they are not subject to income tax.
The Tax Authorities will carry out the cancellation of taxations already due as such and will cancel the current adjustments.
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For additional information contact Claire Acard on 33/(1)/55 61 10 10, Lionel Benant on 33/18.104.22.168, Joel Fischer on 33/22.214.171.124, or Laurent Borey on 33/(1).55 61 10 10 or enter text search: "ARCHIBALD ANDERSEN Profile".
The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar and the Lyon Bar.