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 –

Types of taxes in France

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

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 –

 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.

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