Low-earners will not pay CFE tax

Aimed to start in 2019, it would make businesses with annual turnover of less than €5,000 exempt from CFE, which is based on the old taxe professionnelle and set according to the value of your business property or, if working from home, a set minimum value plus a local council addition.

At present it is due by all self- employed people – with exemptions for new businesses – which has made it preferable to set up a small business (called Très petite entreprise or TPE) in January rather than Decem­ber – and quite a few exceptions depending on business type and location.

This year, the minimum tax on turnover of under €10,000 ranged from €214 to €510 and this is due to rise to €216-€512 in 2018 (although exact levels in most areas will not be known until January 15, 2018 when local councils set a rate).

Under the new law, business owners would not pay on turnover of less than €5,000 from 2019 and would be exempt payments towards chambers of commerce and industry costs.