The French tax authorities have updated the maximum annual interest rate used by companies to calculate the limit in the tax deductibility of interest under the provisions of Article 39, 1-3 ° of the French Tax Code, in respect of accounting period (12 months) ending between 31 December 2012 and 30 March 2013 (BOI-BIC-CHG-50-50-30-20130124 n°40).

The maximum deductible interest rate is now:

-3.39% for accounting period ending between 31 December 2012 and 30 January 2013;

-3.31% for accounting period ending between 31 January 2013 and 27 February 2013;

-3.22% for accounting period ending between 28 February 2013 and 30 March 2013.