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23 December 2025

French Parliament approves Special Finance Bill for 2026

  • On 23 December 2025, the French Parliament approved the Special Finance Bill for 2026.
  • The Special Finance Bill allows a rollover of the 2025 budget to 2026, until a new budget for 2026 is voted, likely during the first quarter of 2026.
 

Executive summary

On 23 December 2025, the French Parliament approved the Special Finance Bill for 2026 (the Special Bill).

The purpose of the Special Bill is to allow the tax rules existing in 2025 to roll over to 2026, until the vote of a new Finance Bill for 2026 early in the new year.

Detailed discussion

The French Parliament failed to approve the draft Finance Bill for 2026 that was released on 14 October 2025. (For background, see EY Global Tax Alert, French Government releases draft Finance Bill for 2026, dated 17 October 2025.)

In the absence of a new budget for 2026 that can be voted by the end of 2025, the Special Bill, which the French Government presented on 22 December 2025, allows a rollover of the 2025 budget to 2026, in addition to empowering the authorities to levy taxes and borrow funds.

The French Parliament approved the Special Bill on 23 December 2025, therefore avoiding a shutdown until a new budget for 2026 is voted by the French Parliament, likely during the first quarter of 2026.

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Contact Information

For additional information concerning this Alert, please contact:

Ernst & Young Société d'Avocats, Paris

Ernst & Young LLP (United States), French Tax Desk, New York

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2025-2604

 
 

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