French General Tax Code
In forceI. - Establishments that sell periodicals to the public as agents registered with the commission referred to in Article 26 of Law No. 47-585 of 2 April 1947 on the status of newspaper and periodical publication grouping and distribution companies and that qualify as specialist press distributors within the meaning of Article 2 of Decree No. 2011-1086 of 8 September 2011 instituting exceptional aid for specialist and independent press distributors, in the version in force on 29 December 2013, are exempt from business property tax.
II. - To benefit from the exemption provided for in I, an establishment must, during the reference period mentioned in Article 1467 A, be part of a business that satisfies the following conditions:
1° The company is a small or medium-sized enterprise, within the meaning of Annex I to Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty;
2° At least 50% of the company's capital is held, on a continuous basis:
a) By natural persons;
b) Or by a company meeting the condition set out in 1° of this II and at least 50% of whose capital is held by natural persons.
III. - In order to benefit from the exemption, companies must submit a request, within the time limits set out in article 1477, to the tax department responsible for each of the establishments concerned. If this application is not filed within the time limits stipulated in the same article 1477, the exemption is not granted in respect of the year concerned.
The exemption relates to items falling within its scope and declared within the time limits stipulated in the said article 1477.
IV. - The exemption provided for in I is subject to compliance with Commission Regulation (EU) No 1407/2013 of 18 December 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid.
