French Polynesia Publishes Law Providing Measures to Modernize the Tax System and Boost Local Investment

French Polynesia has published Law No. 2022-16 of 31 March 2022, containing measures for the modernization of the tax system to encourage local investment. Measures include:

• A tax deduction equal to 2% of reinvestments where distributions to beneficiaries (natural persons) are reinvested within 12 months;
• An exemption from tax on income from movable capital for dividends paid from one company to another if the following conditions are met:
  • both companies have their head office in French Pol…