(Article 199 terdecies-0C of the General Tax Code)
Article 199 terdecies-0 C of the General Tax Code was also introduced by law no. 2015-433 of 17 April 2015. For taxpayers domiciled in France, it introduces an income tax reduction for individuals who subscribe to the capital of press companies. These companies must publish one or more publications or press services on-line for political and general information or devoted largely to political and general information (within the meaning of the article 39 bis A of the tax code, see above)
The rate of reduction shall be 30 % within the limits of a ceiling of payment fixed at:
- €10,000 per year for single, widowed or divorced taxpayers;
- 20 000 € per year for taxpayers subject to common taxation.
This rate is increased to 50% when subscriptions are made to the capital of solidary news press companies (ESPI). In order to be recognised as an ESPI, an enterprise must adopt stronger rules on compulsory stockpiling in order to reinvest in the development of the business.
In practice, it is necessary to indicate the amount paid in box 7VC, usually on page 7 of the tax return. The tax authorities will calculate the reduction. It is necessary to keep the receipts issued by the supported organizations, as the tax authorities can request them.
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