The consequences of the Coronavirus are becoming tangible globally. In the specific case of France, the country, through the Bank of France, has revised its growth forecast to 0.1%, compared to the 0.2% initially set for this quarter. This figure also falls for the annual projections, which could be below 1%.

Due to the impact of the coronavirus pandemic on our economic activity and after the announcements of 12 March 2020 by the President of the French Republic, DGFiP is launching measures to support all companies that have difficulties such as result of the global epidemic we are currently living in.

These two measures focus, as Bruno Le Maire (Minister of Economy and Finance) and Muriel Pénud (Minister of Labour) explained, on the postponement of social contribution payments and a tax rebate.

For companies, it is possible to ask the corporate tax department to postpone, without penalty, the liquidation of their next direct tax dues (corporate tax, taxes sur les salaires).

If you have already paid your March deadlines, you may still have the option to object to your bank’s SEPA transfer online. Otherwise, they also have the option to request a tax refund once the payment is made.

Do you need more information?

Sheila Bratos

Sheila Bratos
International Desk Manager

All information contained in this publication is up to date on 2020. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.