Modification to French social security and income tax treatment of termination payment

Article 8 of the Social Security Law for 2016 provides a change, applicable as of January 1, 2016, to the social security regime of the termination payments made to corporate officers as well as to employees.

In addition, the Finance Law for 2015 has enacted new provisions for the income tax exemption of termination payments made to corporate officers.

 

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