Taxation of corporate profits of companies subject to corporate income tax

1.Companies liable to the IS (Impôt sur les société/ Corporate Tax)

Liable as of right: Regardless of their purpose, they fall under the IS in particular:

• Public limited companies (SA) and simplified joint stock companies (including SASU).
• Limited liability companies (LLCs), except for the option of family LLCs for IR.
• Limited partnerships limited by shares and limited partnerships for the portion of profits corresponding to the rights of limited partners.
• EURL, whose sole shareholder is a legal entity.
• Civil companies carrying out industrial or commercial operations.
• Associations exercising a lucrative activity.

Redeemable on option: Partnerships are normally subject to the IR. On option, they can be placed under the IS regime. The same applies to the sole operator who has adopted the status of EIRL (Individual Company with Limited Liability).

Excluded liability: Individual companies cannot opt for the IS, with the exception of EIRLs. Some companies are temporarily exempt from corporate income tax, taking into account specific measures (e.g. new companies located in certain areas, young innovative companies).

2. Determination of Taxation of corporate companies