HomeEconomyBruno Le Maire confirms that the total abolition of the CVAE will...

Bruno Le Maire confirms that the total abolition of the CVAE will not take place until 2027

Announced by Emmanuel Macron in 2022, the total abolition of this costly production tax for companies will take place throughout the five-year period and not in 2024 as initially planned.

Le minister de l’Économie Bruno Le Maire assured jeudi that the government ne dévierait “pas d’un pouce” de la politique qu’il a menée jusqu’à présent en faveur des entreprises, lors de son discours de rentrée à Alex ( Upper Savoy).

An issue of particular interest to companies is the abolition of the company value added contribution (CVAE), a tax on production that was to be abolished during the five-year period to improve French competitiveness.

The Economy Minister assured that this tax, which costs companies about 8,000 million euros a year (for 9,700 million euros of income for communities) and which has already been cut in half this year, will be definitively eliminated.

A long-awaited drop by companies and organizations, but this new elimination schedule confirmed by Bruno Le Maire remains a disappointment for these players.

“He doesn’t keep his word”

Announced in 2022 by the candidate Macron, the suppression of the CVAE was initially to disappear in a single block in 2023. In a difficult budgetary context, the Minister of Economy announced at the end of last year that the suppression would prefer to extend over two years. a first semester in 2023, a second in 2024. The pace will finally slow down since the elimination will last four years, as Bruno Le Maire has just announced.

A disappointment for business organizations like the CPME. “What was planned was the suppression of the CVAE in one go, and last year they told us that it was going to be done in two parts […] When a government commits itself, it is normal for it to respect its word, and it is not like that,” Jean Eudes Du Mesnil, general secretary of the CPME, lamented this week in BFM Business.

Author: Federico Bianchi
Source: BFM TV

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