SNCF network threatened a tax adjustment of EUR 100 million per year

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Un TER à  Itxassou, sur la ligne Bayonne-Saint-Jean-Pied-De-Port ( Pyrénnées Atlantique) le 22 novembre 2016.

SNCF network, the entity responsible for the management of rail infrastructure, has been notify a tax adjustment “could he cost € 100 million a year” report Les Echos in their edition of Wednesday 28 September.

The tax status of this branch of the National Society of French railways has been monitored between July 2015 and July 2016. “Several recovery chiefs were presented” had already know now in its interim financial report published late July.

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Payroll tax

The tax authorities including the intention to reclassify grant amount paid by the State to pay tolls TER instead regions – with the exception of Island -de-France – or “an annual amount of about 1.3 billion euros” details the business daily

.

“This would involve retraining to SNCF Network to pay the tax on wages” or “nearly 100 million euros a year” to count 2015, year of the creation of this public company with more than 50 000 employees.

Valuation of assets

The public establishment had indicated in July he challenged that head of recovery, adding that the confirmation would likely have a major impact on the valuation of assets of the company.

SNCF network had already lowered the value of the French railway infrastructure 9.6 billion euros in its 2015 accounts “The amount of impairment could increase significantly “warned the auditors in the latest interim report. Contacted by Les Echos and the Agency France Presse, SNCF did not want do comments.

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