France Updates Exemption Threshold for Non-Profit Organizations Deriving Income from Ancillary Commercial Activities

The French tax authority has published an update on the amount of income a non-profit organization can derive from ancillary commercial activities and remain exempt from corporate income tax and VAT, as well as the territorial economic contribution (Contribution Economique Territoriale - CET). The income amount (threshold) has been increased to EUR 78,596:

• For corporate income tax for financial years ending on or after 31 December 2023;
• for CET for the year 2024; and
• for VAT from 1 January …