300,000 companies will no longer pay CVAE from 2024, announces Bruno Le Maire

By Richard Flurin

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The Minister of Economy and Finance, Bruno Le Maire. LUDOVIC MARIN / AFP

After promising the total elimination of this production tax from 2023, the executive finally spread it over several years.

Particularly awaited by professionals, the calendar of elimination of the contribution on the added value of businesses (CVAE) is becoming clearer. Guest on LCI this Tuesday morning, the Minister of the Economy and Finance, Bruno Le Maireindicated that the government will remove “the minimum contribution to the CVAE» starting next year.

The measure will be included in the 2024 budget, expected in Parliament this fall. As a reminder, today, companies liable for CVAE – i.e. those with a turnover of at least 500,000 euros – must pay a minimum of 63 euros, “except total exemption from contribution“. Today, nearly 300,000 companies are exempt from this minimum contribution, which will therefore be eliminated.

This measure concerns more than half of the 520,000 companies liable for this tax. Bruno Le Maire’s office specifies that 82% of these are very small businesses (VSEs) and 18% are small and medium-sized businesses (SMEs). “It’s a small amount, but anything that simplifies life for businesses, that reduces costs, that goes in the right direction, that frees up the French economy.», justified Bruno Le Maire.

The shortfall for state coffers amounts to one billion euros. If it wants to keep its commitment to see the CVAE disappear by 2027, the government will still have to eliminate the three billion euros still paid by companies for this tax on their results in the next three years. “If we can remove it sooner, we’ll remove it sooner», insisted Bruno Le Maire.

It must be said that business leaders do not hide their dismay. After committing to definitively abolish the CVAE in 2023, the executive announced that the elimination would be spread over two years, and finally that it would be implemented “by 2027“. “The State sends a contrary signal, which alters our confidence, even though businesses need it to be reliable and responsible.“, declared in our columns the boss of Medef, Patrick Martin, in response to these palinodies.

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