Published | Category : Income tax - businesses
Increased Recognition of Major Investments by Fondaction in Social Economy Enterprises
The maximum share of Fondaction's net assets that may be allocated to major investments for the purposes of its investment requirement to a particular fiscal year set at 10% of its net assets at the end of the preceding fiscal year must be calculated without taking into account major investments in social economy enterprises, within the meaning of the Social Economy Act.
This change applies to any fiscal year of Fondaction beginning after May 31, 2016.
For more information, see pages A.55 and A.56 of the Additional Information 2017-2018 (PDF – 2.71 MB) published by the Ministère des Finances.