Intégration fiscale (French tax consolidation)
An optional regime allowing a French parent to consolidate the taxable results of subsidiaries held at least 95%, and pay a single corporate tax bill for the whole group. Losses in one entity offset profits in another within the consolidated perimeter.
In practice
Tax consolidation pays off as soon as one subsidiary is loss-making or when inter-company cash flows can be optimised. It provides a timing benefit: corporate tax is calculated and paid once, at group level. The parent must hold at least 95% of capital and voting rights in each subsidiary. The election renews by tacit agreement and covers a minimum of five financial years.