french tax system


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 […]

J2M, Paris Law Firm

J2M, Paris Law Firm

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 […]


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 […]

J2M, Paris Law Firm

J2M, Paris Law Firm

Payment of French income tax

Since January 1, 2019, Payment of French income tax is processed by withholding at source (PAS) according to 2 different methods varying according to the nature of the income. The payment is made by withholding at source by the debtor of income or made by installments paid by the income […]


Income Tax: who are the taxable persons?

French income tax applies, in principle, to all income received by Taxable persons domiciled in France. But some taxpayers may be living outside of France. Moreover, some people are expressly exempt. The tax is established at the level of the tax household. 1. Extent of taxation according to domicile The […]

J2M, Paris Law Firm

J2M, Paris Law Firm

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 […]


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 […]

J2M, Paris Law Firm

french tax return

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 […]


TAX SCHEMES FOR RENTAL OF FURNISHED PREMISES

Income resulting from the rental of furnished premises which you own, as well as those from the subletting of furnished premises which you rent, are subject to income tax in the category of industrial and commercial profits (BIC). Furnished rental is the provision of living quarters furnished with furniture when […]

J2M, Paris Law Firm

J2M, Paris Law Firm

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 […]