BUSINESS TAXES The choice of a company's legal status has an impact on its taxation. CORPORATE INCOME TAX (Impôt sur les sociétés, IS) All companies (SA, SAS, SARL, EURL), known as legal entities, are subject to corporate income tax (IS) on the profits made by the company. The tax rate is 15% or 30% (depending on the level of turnover and the shareholders - individuals or legal entities) depending on the amount of taxable profit, except for companies in the mining and metallurgy sectors which are subject to a special 35% corporate tax. For more information, click here PERSONAL INCOME TAX (Impôt sur le revenu des personnes physiques, IRPP) All sole proprietorships or one-person businesses, known as individuals, are subject to personal income tax (IRPP). This income is added to the other income categories of the tax household (property income, wages, pensions, etc.). Local income earned by people who do not have their tax domicile in New Caledonia is taxed in the same way as New Caledonian tax residents. However, a tax treaty with mainland France allows income from property in mainland France to be taxed in France. The rate of IRPP (from 0% to 40%) is applied to taxable income (sum of income in all categories – deductible expenses / number of shares - depending on the composition of the tax household) according to the sector (Industrial and Commercial Profits/BIC, Non Commercial Profits/BNC, Agricultural Profit/BA) and the level of activity (lump sum, simplified, real). For more information, click here 8 - TAX ENVIRONMENT 85
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