The French tax authority has issued guidance on the exceptional contribution (temporary surtax) on corporate income tax for large companies with annual turnover of at least EUR 1 billion, which was introduced as part of the Finance Law for 2025. As previously reported, the exceptional contribution is levied for the first fiscal year ending on or after 31 December 2025 (up to 30 December 2026) at the following rates:
- 20.6% surtax for companies with turnover of at least EUR 1 billion up to EU…