The abolition of contribution on the added value of companies (CVAE), a production tax that the government wanted to eliminate entirely in 2023, will finally be spread over two years, announced Monday the Minister of the Economy Bruno Le Maire, confirming a information from Les Echos.
We will abolish this production tax twice, in 2023 and 2024, the minister said on LCI, adding that we will do it twice for the sake of balancing our public finances.
In 2023, there will be a reduction of four billion in production taxes, he assured. The CVAE currently yields around double that.
Bruno Le Maire nevertheless wanted to reassure business leaders about the commitment made.
This two-step trajectory will be included in the 2023 budget so that all companies, in particular the industries to which I attach vital importance, have the assurance that this production tax will indeed be abolished in 2024, he added.
The possibility of spreading the abolition of the CVAE over two years had been raised by the newspaper Les Echos on Thursday. The Minister of Public Accounts did not wish to comment on this information at the time, without, however, denying it.
The prospect of this staggering caused a strong reaction from the Medef. We would not understand that the CVAE is a budgetary adjustment variable at a time when companies are also suffering from inflation, the intensification of international competition and must also invest in decarbonization, declared the Echos of Monday the number two from the employers’ organization, Patrick Martin.
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The abolition of the CVAE in 2023 was announced in early July by Prime Minister Elisabeth Borne in her general policy speech.
Bruno Le Maire has also once again taken up the defense of the research tax credit (CIR), a tax relief often criticized for being diverted from its objective of financing research by companies, judging that it makes our country attractive. and improves innovation and investment in innovation.