+601136901890 Customer Service (Direct call, viber and whatsapp)

Business Information Link

Clients Testimonials

  • RIVERSTAR FASHION WEAR LIMITED

    It’s a garments industry in Bangladesh was incorporated and setup through this consultancy firm. Government permission and all other permission were managed by them. Well-done S & F CONSULTING FIRM LIMITED RIVERSTAR FASHION WEAR LIMITED-Germany
    PATRICK BACKHAUS, Director, Germany
  • K.M. Dastur & Company Private Limited-Malaysia

    Excellent in a word, they are professional are smarter, made the jobs done in time. Thanks to the entire team of S & F CONSULTING FIRM LIMITED.

    K.M. Dastur & Company Private Ltd-Malaysia


    Sydul Islam, Country Manager (branch office)
  • BLACKnGREEN LIMITED-India

    S & F CONSULTING FIRM LIMITED is a professional foreign company registration, formation consultancy services provider. We are happy & thankful to them. BLACKnGREEN LIMITED-India
    Karthik Shankar, Chairman, India
  • GOLD WELL RESOURCES PVT LTD

    This is to certify that S & F CONSULTING FIRM LIMITED works with honesty & sincerity to set up our company, accounts & legal services. They are like a safe guard of my company. GOLD WELL RESOURCES PVT LTD
    LIM KOK KAH, Chairman of the company, Singapore
  • ERTELL LIMITED

    I am happy to provide a reference for the S & F CONSULTING FIRM LIMITED, a Company Formation & Legal firm have worked with satisfaction. ERTELL LIMITED
    Javier Parez, Chariman, ERTELL LTD, Spain
  • BESTINET SDN BHD-Malaysia

    To Whom It May Concern It is my pleasure to recommend S & F Consulting Firm Limited to register our company. They have good knowledge on foreign investment, business incorporation and/ or formation law.

    BESTINET SDN BHD-Malaysia


    Baizura Rahmat, Manager- Operation
  • NIPRO ASIA-Singapore

    We are very glad for the services of S & F Consulting Firm Limited. It's a professional consultancy firm who support us accounts, audit, income tax and renewal licenses for a longer. We are happy for their people and services.

    Wish you all the best !

    NIPRO ASIA PTE LTD-Singapore  
    Sadekin Nawaz Khan, Country Manager

Incorporation Certificate

INCOME TAX RETURN IN FRANCE

INCOME TAX RETURN IN FRANCE

<img src="France_Tax.jpg" alt="Income Tax Return in France"/>
Income Tax Return in France

“In this world, nothing can be said to be certain, except death and taxes” – Benjamin Franklin.

The above saying by Benjamin Franklin was in a letter written by him to a French scientist by the name of Jean-Baptiste Leroy in 1789. This is true even to this day although there are some countries that do not have any taxes. To name a few – Brunei, United Arab Emirates, Bahrain, Oman and Saudi Arabia. Although these countries don’t have income taxes, there are other avenues of taxes that is collected.

The taxation system in France is governed by two separate boards –

  1. The General Directorate of Public Finances which is in charge of tax valuation and collection some of the taxes. These taxes are Value Added Tax, income tax and corporate tax.
  2. The General Directorate of Customs and Indirect Taxes for customs duties and taxes on petrol, fuel, alcohol and tobacco.

Types of taxes in France

These are some of the different types of taxes in France –

  1. Value Added Tax (VAT) – This tax is charged on the supply of goods and services in France, irrespective of whether the customer is an individual or a business entity. The standard rate for this tax is 20% and the reduced rate is 2.1%, 5.5% and 10% depending on the type of goods and services.
  2. Personal Income Tax – All individual residents of France that are working in France are generally taxed. They are also taxed on their incomes and capital gains from outside of France.
  3. Corporate Tax – Companies that operate in France are subject to this type of tax. There is no tax charged for French companies that operate outside of France.
  4. Inheritance and Gift Tax –This tax is paid by the beneficiary or recipient of the inheritance upon death of the donor provided that the donor is a resident of France at the time of death. This tax is also applicable even if the beneficiary is not a resident of France.
  5. Wealth Tax –Wealth tax is similar to income tax where the assessment is done on the income of the whole family which is the husband, wife and working children. It’s also applicable to those couples that are not married but living together. This tax covers movable and immovable properties. Wealth tax is charged on total assets that are more than EUR1.3 million and at different rates.
  6. Local Business Tax –This tax has 2 components – the corporate property tax and the contribution of the added value from the business. The corporate property tax takes into account the rental value of the business premise.
  7. Residence Tax – The local authorities in France also charges a residence or dwelling tax on the occupant of a property
  8. Immovable Properties Tax – Local authorities also charge a property tax on the owner of an immovable property irrespective of whether it has been developed or not.
  9. Registration Duties – This is a duty paid by a purchaser of an immovable property.

When to file your income tax returns

As with most countries around the world, the taxation in France is based on the calendar year. You will pay taxes on your previous year’s income in the current year. For example, you will have to pay taxes on income that you received in 2016 in the year 2017.Generally you would need to submit your tax returns to the authorities by the middle of May each year. You can also do an online submission of your tax returns.

Tax rates in France

The personal income tax rate is on a tiered basis as follows –

Amount Rate
Up to EUR9,710 0 percent
EUR9,710 – EUR26,818 14 percent
EUR26,819 – EUR71,898 30 percent
EUR71,899 – EUR152,260 41 percent
More than EUR152,261 45 percent

For corporate tax ratesin France, currently it stands at a rate of 33.33%. However France has recently amended the rate which will be progressively reduced to 28% by the year 2020. Details of the corporate tax rate are as follows –

  1. For small companies where their tax year begins on or after January 1, 2017, the taxable rate of 28% is charged on taxable income of up to EUR75,000 and a rate of 33.33% is charged for taxable income in excess of EUR75,000.
  1. For companies with tax years beginning on or after January 1, 2018, a tax rate of 28% is charged on taxable income of up to EUR500,000 while a tax rate of 33.33% is charged on income exceeding that amount.
  1. For large companies where the turnover of the company is less than or equal to EUR 1 billion and where their tax year starts on or after January 1, 2019, the tax rate of 28% is levied.
  1. For larger companies whose turnover exceeds EUR 1 billion, the tax rate is 28% for taxable income up to EUR500,000 and 33.33% on taxable income exceeding EUR500,000.
  1. A standard tax rate of 28% will be charged for companies with tax years beginning on or after January 1, 2020. Thereafter the standard corporate tax rate will remain at 28%.

 Payment of the taxes

Now that you know the income tax return in France, you would need to know how and where to pay. Payments can be made by installments on 15th February, 15th May and 15th September every year or you can opt to pay online via direct debit on the 15th of every month.

Share on FacebookShare on Google+Tweet about this on Twitter
Copyright. 2015 S & F Consulting Firm Ltd.

Developed by Proudly powered by WordPressNaharSoftBD