The maximum annual interest rate used by companies to calculate the limit of the tax deductibility of interest expenses under the provisions of Article 39, 1-3 ° of the French Tax Code have been published in the Journal Officiel dated 28 March 2013, with respect of accounting period (12 months) ending between 31 March 2013 and 29 June 2013.

The maximum deductible interest rate is now:

  • 3.09% for financial year ending between 31 March and 29 April 2013;
  • 3.04% for financial year ending between 30 April 2013 and 30 May 2013;
  • 2.98% for financial year ending between 31 May 2013 and 29 June 2013.