France Updates Corporate Tax Guidance Noting Standard Rate Reduction for 2019

On 27 December 2018, the French Ministry of Economy and Finance published an update to it corporate tax guidance page concerning rates, options, and declaration. The update notes the tax changes for 2019, including that the standard rate for 2019 is reduced from 33.33% to 31% and that the right of revocation of the option for corporate tax is introduced. The option to apply corporate income tax, and the new right to revoke, generally apply for sole proprietorships, single-member companies, a…