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 […]
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 […]
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 […]
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 […]
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 […]
Pursuant to Article 155 B of the French Tax Code, employees and company executives coming to France as expats to take up employment in a company based in France, are elligible to a specific Tax Exemption that amounts to that offered in Tax Heavens. On the double condition of not having been fiscally […]
The French High Tax Court (Concil of State) ruled on the impact of the regime of the ‘remittance basis’ on the quality of resident within the meaning of the Franco-British convention. CE 27 juillet 2012 n° 337656 et 337810, 9e et 10e s.-s., min. c/ R. Tax treaties, when they […]
Two recent decisions of the State Council shall specify the method of calculating the tax credit equal to the French tax attributable to income of German and American. Since the late 1980s, the tax treaties signed by France based, for the elimination of double taxation of income previously subject to […]
On 24 August, François Fillon announced a range of fiscal measures to stabilize public finances of France. Some of these provisions have now been made official by publication in the Official Gazette of the second supplementary budget in 2011, others should follow. Changing the taxation of real estate gains, rising […]
Modification of the ISF, abandonment of the tax shield, tightening on gifts and estates, tax increases on important life insurance contracts, setting up an Exit Tax : before leaving for recess , deputies and senators adopted the bill amending the taxation of wealth. While some cogitate on new tax planning strategies that will […]
