France Administrative Court of Appeal of Marseille Clarifies Eligibility for Corsica Investment Tax Credit

The French Administrative Court of Appeal of Marseille Nov. 24 issued Decision No. 23MA02764, clarifying eligibility for the Corsica investment tax credit for small and medium-sized enterprises (SMEs) under a real tax regime. The taxpayer, a water park operator, sought reimbursement under the corporate income tax credit for investments in Corsica carried out until Dec. 31, 2023. The tax authorities partially denied the request, which the Administrative Court of Bastia upheld. On appeal, the Administrative Court of Appeal of Marseille found that: 1) the cost of a slide wasn’t an eligible initial investment because the slide didn’t expand the establishment’s ...