Council Decision No 940/2014/EU of 17 December 2014… Article 3

Article 3

1.   France shall immediately notify the Commission of the taxation arrangements referred to in Article 1. 2.   France shall submit, by 31 December 2017, a report on the application of the tax arrangements referred to in Article 1 to the Commission, indicating the impact of the measures taken and their contribution to the maintenance, promotion and development of local economic activities, in the light of the handicaps affecting the outermost regions. On the basis of that report, the Commission shall submit a report to the Council and, if necessary, a proposal for adapting the provisions of this Decision.