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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Tax Bracket For the taxation of income received during the previous calendar year, the finance law provides for a revaluation of the brackets of the income tax scale. The brackets limits take into account the increase in prices excluding tobacco. Income received in 2020 Rate Income received in 2021 […]
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 […]
French Income tax is calculated on the basis of an overall income defined as the accumulation of categorical income net of deductions and fees: professional income (salaries, BIC, BNC, BA, etc.) , pensions, retirement and annuities and income from assets: income from movable property, property income gains es on transferable […]
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 […]
