Decision of the Court of Cassation dated June 19, 2024

Last week, the Court of Cassation ruled, among other things, on the payment procedures for the insurance contract tax applicable to foreign insurers.

It states that "insurance companies established in a Member State of the European Union or in a State party to the Agreement on the European Economic Area are eligible for the TSCA payment terms set forth in Article 385 of Annex III of the General Tax Code under the same conditions as French insurers."

Court of Cassation, Commercial Division, June 19, 2024, No. 22-24.644, Published