New 2019 French Patent/Software box regime: taxation at a reduced rate of 10%
A new preferential taxation regime for income generated by industrial property and software is applicable since January 1, 2019.
This new regime, applicable either to types of intangible assets or to a family of products or services, provides taxation at a reduced rate of 10% of net income generated by industrial property including patents and non-patented patentable inventions (for European SME only) and also copyrighted software. The inclusion of software constitutes the major change to the taxation regime.
The net income basis subject to a reduced rate of 10%, vs 31% in 2019, takes into…
