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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
