The European Commission authorizes a French tax aid scheme of 20 million euros aimed at stimulating investment in Saint-Martin!
The Collectivity of Saint-Martin welcomes the announcement of the European Commission which made public, last Wednesday, March 9, the authorization, under the rules of the European Union in terms of State aid, of the implementation establishment of a French tax aid scheme aimed at stimulating productive investments as well as investments in the housing sector in Saint-Martin.
This new tax aid scheme, for a total amount estimated at 20 million euros, will be open to all companies subject to corporation tax, regardless of their size and sector of activity. It will be applicable until the end of 2025.
The measure will take the form of a 35% reduction in the corporate tax rate to encourage companies to invest in projects to support the transformation and economic development of the outermost region. The financing operations will be carried out either by an intermediary structure which will take care of the financial arrangement, the carrying of the investment project and the provision to the operators in Saint-Martin of the assets thus financed, or by means of subscriptions in certain companies in Saint-Martin in charge of making and operating the investments.
The Commission notes the positive impact of this scheme on the supply of financing for productive investments as well as investments in the housing sector in Saint-Martin, knowing that the possible negative effects on competition and trade will remain limited.
Further information is available on the website of the Directorate General for Competition of the European Commission, in the State aid register, under reference A.100457.
6,465 total views
No comments