Decision of the Council of State dated July 30, 2024

Written by Paul Mispelon

On Tuesday, the Council of State issued a ruling regarding the requirement that more than 75% of a company’s shares be held by individuals, either directly or indirectly, in order for the company to qualify for the reduced corporate tax rate and the exemption from the social contribution on corporate income tax.

It specifies that shares held by the company itself should not be taken into account.

EC, Chapters 9 and 10, July 30, 2024, No. 471055, Cited in the tables

Paul Mispelon
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