(Article 31 of the 2016 Finance Act)
The tax rate is increased from 0.026% to 0.0642% for the years 2016 to 2025 and then reduced to 0.0505% for the years 2026 to 2028.
For the record, this tax was created by Article 92 of the 2014 Finance Act (Act N° 2013-1278 of December 29, 2013). Its purpose is to finance a fund supporting local communities, their groupings, local public institutions, fire and rescue departmental services, the overseas communities and New Caledonia that subscribed structured loans and financial instruments before the entry into force of the 2014 Finance Act.
The main contributors to this tax are the credit institutions.