The financial and social security financing laws currently under discussion will fundamentally change the tax and social rules applicable to wineries, reforms that will not always be favourable to winemakers.results of this action following the adoption of the final texts.
Increased GSC and reduced social security contributions, except for farmers!
- The objective is to operate a new transfer of social protection financing to a base greater than the income from the activity.
- The CSG should increase by 1.
- 7 points on January 1.
- This CSG supplement will be tax deductible.
- In return.
- Social security contributions would decrease differently according to income categories:? For employees: decrease of 3.
- 15% in 2 stages (-2.
- 20% on January 1 and -0.
- 95% on October 1).
- ? For non-agricultural self-employed workers: reduction of 2.
- 15% in the family contribution and a decreasing decrease in the sickness contribution that would vary from 1.
- 5% (for zero result) to 6.
- 5% (for result greater than 1.
- 1 per year social security ceiling.
- That is.
- Around 43.
- 150?).
- ? For farmers.
- On the contrary.
- The increase in the CSG will not translate into a decrease in social contributions.
- But.
- In almost all cases.
- An increase.
- This results from the questioning of the 7-point reduction in the AMEXA contribution granted in 2016.
- The abolition of the CICE scheduled for 2019 and its replacement by a reduction in social contributions will not be a beneficial operation in the cruise year either.
- Because social contributions are a tax deductible charge.
- Therefore.
- Its reduction leads to an increase in taxes.
Decrease in IS and introduction of the single tax
The already planned reduction in the corporate tax rate would be confirmed and even amplified to 25% by 2022; at the same time, capital income would be taxed at a proportional rate of 12.8%, if social contributions (17.2%) are added up, it achieves a tax rate of 30%, well below the rate currently applied to taxpayers in high income tax tranches.The reduction in corporation tax combined with the single lump sum tax on dividends reinforces the attractiveness of the corporate tax system.I’ll have to run the calculators. But without forgetting all the consequences induced by this regime (no capital gains exemption scheme carried out by the company, imposition of reserves in case of dissolution?).As a result of this reform, the rules for certain capital gains will be changed:?the tax rate on long-term professional capital gains should be reduced to 12.8% (was 16%); deductions for the duration of holding applicable to private equity gains on shares and shares of companies are abolished, with exceptions.
Repeal of the? Ewb? replaced by l? If it’s
As of 2018, the tax on real estate assets (IFI) will replace the tax on solidarity assets (ISF). The same tax threshold (1,300,000?) And the same scale (progressive rate of 0.5% from 800,000?, Up to 1.5% beyond 10,000,000?). The 30% reduction on the main residence will be maintained. Only real estate and the fraction of company values that represent non-professional real estate will be subject to tax. The professional property exemption will be addressed more or less within the framework of the IFIs. Vineyards and wine-growing constructions assigned to the main activity of their owner or member of their fiscal household will be exempt. The Minister of Economy and Finance, Bruno Le Maire, declared before the National Assembly: “I would like, for the sake of clarity, to remember one simple thing: the exemption for professional property is exactly the same in the IFIs. They existed in the ISF” However, the wording of the new text leaves some doubts. Thus, when the buildings are operated by their owner within an operating company, paragraph VI of the new article 975 of the CGI establishes that these assets “are exempt until the participation of the taxpayer In the same. “Interpreted to the letter, this provision could be very unfavorable for business operators. Finally, the total or partial exemption regimes applicable to rural property granted in long-term lease or lease. Groups of agricultural / wine-growing land will be conserved in the same way as what existed in terms of wealth tax. However, as soon as l Buildings become the sole collateral, real estate and real estate State investment will appear much less attractive from a tax point of view.