Insights
Client Alert
New Social Security Contribution on Income Derived by French Residents From Limited Liability Partnerships
February 25, 2009
Allard de Waal, Delphine Prevot and Laurent Ragot
The recently enacted French social security bill for 2009 imposes a new social security contribution on any income derived by a French tax resident which is not subject to tax in France pursuant to a tax treaty. This new social security contribution would especially apply to income derived from Anglo-Saxon limited liability partnerships (LLP).
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