On 25 March 2016, France published the interest rates used in determining the deductibility of interest payments to shareholders for companies whose fiscal year ends between 31 March 2016 and 29 June 2016.
The portion of interest payments exceeding the following rates are generally not deductible unless documentation is provided demonstrating that the interest rate applied is at arm's length. The period in which the fiscal year ends and the applicable rates are as follows:
- Between 31 March …