french tax system


TAX MEMO FOR BUSINESS CREATOR

Business-Creator-tax-memo To convince bankers and investors of the seriousness of your company and secure the financial balance of your cash flow, the choice of tax regimes is an essential element of your business plan or the development plan of your project. The initial choice of a tax and VAT regime […]


Deduction of alimony paid to adult children

Alimony paid to adult children is deductible only when the following 4 conditions are met. The amount deductible is limited to a ceiling. 1. Principle Alimony paid to adult children is deductible only when the following 4 conditions are met: the child is not attached to the tax household of […]


Expenses deductible from taxable income

The law allows taxpayers to deduct certain expenses from their taxable income. These deductible expenses, exhaustively listed by law, are as follows: overall deficits from previous years; CSG deductible on income from assets; A fraction of the CSG paid is deductible from taxable income. This fraction is set at 6.8%  pension […]


Capital gains – Principles of taxation

Capital gains from the sale of securities and/or corporate rights are in principle subject to flat-rate taxation with the submission of gains to the PFU of 30% (of which 12.8% income tax and 17.2% social security contributions). Taxation at the progressive scale of income tax has become the exception, this […]


Pensions, retirements and life annuities

1. Pensions, retirements and life annuities Pensions, retirements and life annuities free of charge benefit from a reduction of 10% with a minimum and a maximum fixed each year. If part of the pension is paid in kind (housing, electricity, etc.), its amount must be estimated according to the Social […]


Income from self-employed professions

Income from self-employed professions is divided into 3 categories according to the nature of the activity carried out: 1. Different categories of Self-Employed income    CATEGORY NATURE OF THE ACTIVITY EXERCISED by SELF-EMPLOYED Industrial and commercial profits (BIC) Profits derived from industrial activities, commercial or artisanal: purchase of goods, materials […]


Salaries and wages

Salaries, Wages, and benefits in kind, remuneration of managers and partners, are subject to the income tax scale after deduction of professional expenses. Professional expenses can, at the choice of the taxpayer, be deducted: either as a flat rate, or for their real and justified amount. Note: Each member of […]

salaries and wages

Dependents

Dependents The tax household, which makes it possible in particular to determine the number of shares used to calculate income tax, is made up, in addition to the taxpayer and his spouse or partner, of dependents attached to the household on a mandatory basis ( minor children) or not (adult […]


Guide to the French tax return

This guide will provide you with all the information and advice you need to check, correct and complete your French Tax Return and the forms. More than ever, the Individual Income Tax Return Guide will help you declare your income in your best interests, and avoid making mistakes. It will […]

french tax return

Income tax household

Income tax is an annual tax which affects all the income received by the members of the income tax household.  The income tax household, which makes it possible in particular to determine the number of shares used to calculate income tax, is composed, in addition to the taxpayer and his […]