In the 2024 French budget, very advantageous taxation to attract Fifa to France

by time news

2023-10-20 11:47:42

As noted by the daily Les Echos, by drawing out 49.3 in the Assembly to pass the first part of the budget, the government retained an amendment from the Renaissance presidential group aimed at establishing an extremely advantageous tax framework for “sports federations international”.

Published on: 10/20/2023 – 11:47

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In the 2024 draft budget, the extremely advantageous tax measures in favor of “ international sports federations » have for “ objective » to attract Fifa to France, according to an internal source at the world football body.

Exemption from corporate tax

The system offers an exemption from corporate tax, business property tax and business value added contribution, as well as an exemption from income tax for employees of these federations domiciled in France for five years. after their “ first taking office ».

The government has not confirmed that this amendment aimed to attract more to France Fifa, which already has a branch in Paris, but whose headquarters are located in Zurich, Switzerland. At the Ministry of Sports, it is emphasized that “this provision aims to extend to international sports federations (…) a regime already applied in France to international organizations” and that it does not concern “ that non-commercial activities ». « This is an important element of attractiveness, a source of potential economic benefits for France, in a context in which we are preparing to host more than 30 major international sporting events in the coming years. », Adds the ministry.

The supreme body of world football opened a branch in Paris in June 2021, responsible for relations with the federations, technical cooperation in favor of the development of football and also houses a clearing house responsible in particular for solidarity mechanisms.

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