Tax credit for training expenses of entrepreneurs
- Name of the instrument - Local language
- Crédit d'impôt pour dépenses de formation des dirigeants d'entreprise
- Name of the instrument - English translation
- Tax credit for training expenses of entrepreneurs
- Scheme ID
- 88
- Country
- France
- Reporting year
- 2015
- Type of instrument
- Tax incentive for companies
- Type of entry
- Single instrument
- Short description
Companies can deduct training costs from their taxable profits. The amount of deduction is related to the number of hours of training and the hourly minimum wage.
- Short description of the related instruments
nap
- Level of operation
- National
- Name of a part of the country
- nap
- Name of the region (for regional instruments)
- nap
- Name of the sector (for sectoral instruments)
- nap
- Relevance
- Key scheme
- Legal basis
Tax law, Code Général des Impôts, art 244 quarter M, 199 ter L, 220 N and 223 O-1--m)
- Year of implementation
- 2005
- Operation/management
Companies subject to income tax must attach a special declaration, available from the tax office having jurisdiction over the company, to the annual declaration of income they are required to file.
- Eligible group(s)
The concept of "entrepreneur" should be understood in its broadest sense. The following are considered "entrepreneurs" for the purpose of this scheme: individual operators, managers, chairmen, executive directors, general managers, board members.
- Group(s) with preferential treatment
None
- Education and training eligible
Eligible training is described in the Labour Code; training actions related to: pre-training and preparation for working life; adaptation and employee skills development; professional promotion; prevention; conversion; acquisition, maintenance or development of knowledge; continuous training in radiation protection of persons; economics and business management; sharing, participation and employee savings schemes and employee share ownership; skills assessment; validation of prior experience; support, information and advice provided to creators or rescuer; fight against illiteracy and the learning of the French language.
- Source of financing and collection mechanism
State (loss of tax revenue)
company- Financing formula and allocation mechanisms
The amount of deduction is equal to the number of hours of training followed multiplied by the hourly minimum wage (SMIC).
The calculated deduction is capped at 40 hours of training per executive and per calendar year. The hourly minimum wage was EUR 9.61 on 1 January 2015, for a maximum deduction of EUR 384 in 2015.- Eligible costs
Fees and other costs related to education and training
- Frequency of the use
Each year
- Volumes of funding
na
- Beneficiaries/take up
na
- Monitoring/evaluation reports available
na
- Most relevant webpage - in English
na
- Most relevant webpage - local language
- Sources
- Short description
- Short description of the related instruments
- Level of operation
- Name of a part of the country
- Name of the region (for regional instruments)
- Name of the sector (for sectoral instruments)
- Relevance
- Legal basis
- Year of implementation
- Operation/management
- Eligible group(s)
- Group(s) with preferential treatment
- Education and training eligible
- Source of financing and collection mechanism
- Financing formula and allocation mechanisms
- Eligible costs
- Frequency of the use
- Volumes of funding
- Beneficiaries/take up
- Monitoring/evaluation reports available
- Most relevant webpage - in English
- Most relevant webpage - local language
- Sources