France - French Exit Tax: Clarifications on the Reporting Formalities

Global Watch ()

The first Amended Finance Act for 2011 dated July 29, 2011 has reintroduced an exit tax regime in France, of which the scope has been broadened by the 4th Amended Finance Act dated December 28, 2011. A Decree recently published (Decree dated April 6, 2012, n° n°2012-457, JO April 7, 2012) specifies the reporting formalities due with respect to this regime.