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France

18 December 2020

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France Publishes Social Security Finance Law for 2021

France has published the Social Security Finance Law for 2021 (Law no. 2020-1576 of 14 December 2020) in the Official Gazette. The law does not include major changes but does include certain support measures for SMEs in response to COVID-19. These include:

  • An employer contribution exemption for up to three months beginning 1 September 2020 for SMEs whose main activity is in the tourism, hotel, restaurant, sports, culture, air transport, or events sector, or whose activity depends on these sectors, where:
    • the employer has less than 250 employees and has been subject to government restrictions for COVID-19 that restrict access to the public, with the exception of delivery, pick-up, or take-out activities, or has suffered a decrease in turnover of at least 50% compared to the same period in the previous year; or
    • the employer has less than 50 employees and has been subject to government restrictions for COVID-19 that restrict access to the public, with the exception of delivery, pick-up, or take-out activities;
  • Aid for the payment of social security contributions by employers covered by the above exemption equal to 20% of the remuneration paid to employees, which is available for contributions due for 2020 and 2021 after the application of the exemption above and any other total or partial exemption that may be applied; and
  • Provisions for all employers to enter into payment (clearance) plan agreements for all unpaid contributions in 2020, with relief from surcharges and penalties for late payment, which may be proposed by the administration or requested by an employer by 31 March 2021.

The Social Security Finance Law for 2021 entered into force on 16 December 2020.

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