A Bill on Economic Modernization, declared as an urgent measure by the French government on the 28 April 2008, has been presented to Parliament for approval.
The Bill contains the following measures:
(a) Micro-enterprise tax regime. Enterprises with micro-industrial and commercial income (micro-BIC) or with micro-professional business income (micro-BNC) would be covered by the new regime. Upon the election of the taxpayer, a monthly or quarterly withholding tax would apply at the…