Allowances are now very limited in their scope in France.
Depreciation of fixed assets can be accelerated for a limited list of assets.
Usual tax rates of depreciation issued by the tax administration are as such:
|Buildings||2 – 5%|
|Material and equipment||10 – 20%|
|Cars, trucks…||20 – 25%|
|Furniture and fittings||5 – 20%|
Items under 500 € may be directly charged in the accounts of the year even if matching the definition of an asset.
Available for any firm (including subsidiaries from foreign firms), this amounts to 30% of yearly expenses with a limit of 100 million euros. Yearly Expenses mainly include payroll and benefits with a mark-up of 50% for expenses (even though no expenses are booked).
This is a direct reduction in social contributions equaling 6% of gross salaries. This tax credit is computed based on the gross salaries paid during the calendar year and not exceeding 44K€ per employee.