France’s Loi de Finances 2024 is more than just new tax legislation. It’s the start of an era where robust, unified, and auditable data becomes the bedrock for regulatory compliance, operational resilience, and long-term business agility.
But is your organization truly prepared for what comes next?
What is the Loi de Finances 2024?
Enacted on December 21, 2023, the Loi de Finances 2024 brings a wave of reforms aimed at modernizing the French tax landscape. The law is designed to:
- Align French policy with global initiatives such as the OECD’s Pillar 2 minimum tax rate
- Encourage green investment and progress in environmental, social, and governance (ESG) areas with attractive tax incentives
- Enhance tax fairness and transparency, especially for large and multinational corporations
While some measures are already in force, the most impactful changes (including mandatory e-invoicing, transfer pricing requirements, and new reporting standards) will roll out through the rest of 2025 and 2026. This means organizations must move quickly to modernize their compliance and reporting frameworks.
The new reality: compliance is a data challenge
For French and multinational organizations, the Loi de Finances 2024 unlocks both opportunities and hurdles.
Key business impacts include:
- Global minimum tax (Pillar 2): Multinationals must prove they apply a minimum 15% effective tax rate across jurisdictions. This demands not just accurate calculations, but traceable and auditable financial and entity-level data.
- E-invoicing and reporting mandates: Invoices must now flow through the government’s Chorus Pro portal (or via certified Partner Dematerialization Platforms), requiring digital formats and real-time connectivity. Most Enterprise Resource Planning (ERP) systems simply aren’t ready for this out of the box.
- Transfer pricing scrutiny: Documentation requirements for intercompany transactions are stricter than ever, increasing audit risk for incomplete or inconsistent data.
- Sustained local taxes (CVAE): Despite being phased out by 2027, CVAE (Cotisation sur la Valeur Ajoutée des Entreprises, or Corporate Value-Added Contribution) remains in force for now, mandating precise local-level value-added reporting.
- ESG and green investment claims: To unlock generous tax credits of up to 60% for green CapEx, businesses must track, evidence, and report eligible investments with audit-grade documentation.
The challenge at the heart of it all? Data fragmentation.
The data that is vital to compliance – think legal entities, financial flows, CapEx, ESG metrics, and supplier details – is commonly dispersed across multiple platforms: ERP, CRM, finance, procurement, and sustainability tools.
Siloed data means complex, error-prone, and inefficient compliance efforts.
Why unified data is essential for compliance
Fragmented data breeds risk. When systems work in isolation, organizations struggle to:
- Consolidate group-wide tax calculations and entity structures
- Maintain accurate, up-to-date records for audits
- Track and report ESG investments or local tax contributions in real time
A unified data platform approach, one that integrates and governs data across sources, streamlines compliance, strengthens audit readiness, and delivers the executive visibility needed to make better decisions.
How Semarchy enables Loi de Finances compliance — today and for the future
Semarchy empowers organizations to simplify and accelerate their response to the Loi de Finances 2024 with a single platform for master data management (MDM), governance and integration.
Here’s how Semarchy addresses specific compliance challenges:
1. Pillar 2 / tax transparency
Semarchy unifies the management of legal entities and financial accounts, ensuring organizations can model and steward hierarchies and intercompany relationships with a reliable single source of truth.
With Semarchy MDM and Data Intelligence, your teams can establish auditable data management frameworks and maintain clear ownership and control down to the entity level. Meanwhile, Semarchy Data Integration automates the ingestion of information from ERP, finance, and legal systems, streamlining tax modeling and reporting to meet Pillar 2 requirements.
2. Green tax credit eligibility
Semarchy brings all your investment, project, and supplier data together in one reliable place, making it much easier to track and report on green expenditures.
Using a single, up-to-date view of your assets, you can clearly map your investments to ESG and any tax requirements and quickly pull the proof you need for eligibility when applying for green tax credits. By connecting systems like procurement and operations in real time, Semarchy helps you demonstrate compliance and seize available incentives with confidence.
3. Transfer pricing and local tax reporting (CVAE)
Semarchy’s platform ensures organizations can maintain granular, audit-ready master data for all intercompany flows and local tax obligations. By keeping documentation for cost allocations, contracts, and transactions consistently up to date, Semarchy reduces compliance risk associated with transfer pricing and prepares companies for ongoing CVAE reporting.
4. Data fragmentation: a unified approach
Semarchy addresses data fragmentation by acting as a central hub that consolidates information from siloed ERP, CRM, procurement, and ESG systems – without replacing your core infrastructure.
Organizations benefit from real-time batch synchronization (via Data Integration) and robust data stewardship and audit features (via Data Intelligence), gaining the traceability, regulatory documentation, and internal audit readiness needed.
5. Executive visibility and risk oversight
Semarchy gives executives the clarity and confidence they need by bringing together vital financial and compliance data in one place. With consolidated dashboards and intuitive analytics, CFOs, tax leaders, and risk managers can monitor compliance in real time, explore potential risks, and make better-informed decisions.
This unified view supports both day-to-day oversight and long-term planning, ensuring no detail slips through the cracks.
Practical example: Is your ERP really ready for e-invoicing?
Most companies trust their ERP as the backbone of finance — but legacy systems rarely meet the strict formatting, integration, and e-reporting standards required under the Loi de Finances 2024.
Consider e-invoicing: Chorus Pro, the French government’s official e-invoicing portal, will soon process all B2B invoices. If your ERP doesn’t natively export required formats or connect with a certified Partner Dematerialization Platform, compliance and audit headaches are inevitable.
This is where Semarchy comes in. With our MDM, Data Intelligence, and Data Integration modules, you can:
- Extract, standardize, and transmit invoice data between ERP and Chorus Pro/PDPs
- Guarantee traceability and error handling for every transaction
- Support audit trail creation and quick remediation for data inconsistencies
Built for every stakeholder
No matter your role or department, Semarchy equips every team with the clarity and control, alongside reliable data, needed to meet evolving compliance demands with confidence.
For CFOs and tax teams:
- Achieve legal entity transparency across multi-jurisdictional operations
- Align financial hierarchies and CapEx for group-wide and local reporting
- Streamline entity master data, tax calculations, and compliance evidence
For IT and data leaders:
- Consolidate and govern data from multiple business systems, including SAP, Salesforce, Workday, and ESG platforms
- Introduce stewardship, lineage tracking, and policy enforcement with minimal disruption
- Ensure data flows seamlessly across ERPs, data lakes, and reporting tools
For risk and compliance officers:
- Demonstrate audit readiness through transparent, traceable data
- Meet documentation demands and compliance KPIs efficiently
For ESG and procurement professionals:
- Track green investments and supplier eligibility for incentives
- Centralize project data for faster, more confident reporting
Are you ready?
The Loi de Finances 2024 marks a new chapter for digital compliance in France. Navigating it successfully depends on making your data work for you and not against you.
Semarchy is here to help:
- Simplify financial data management for e-invoicing and reporting workflows
- Create a governed single source of truth
- Reduce compliance risk and future-proof your business
Get in touch for a demo of the Semarchy Data Platform today.
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