Personal Tax in France
Accounting (0) , Consumption/VAT/Sales Tax (2) , Corporate Tax (2) , International Tax Treaties (0) , Personal Tax (1)
Overview by Globlatrade.net:
- Tax Base For Residents and Non-Residents
- Residents are taxed on all their income (national and international) while non-residents are only taxed on income received in France.
|Personal income tax (IRPP)||Updated in the Loi de Finance 2011. Progressive rate up to 41%|
|Up to EUR 5,963||0%|
|Between EUR 5,963 and 11,896||5.5%|
|Between EUR 11,896 and 26,420||14%|
|Between EUR 26,420 and 70,830||30%|
|Above EUR 70,830||41%|
- Allowable Deductions and Tax Credit
- Child care, consumer credit, tax credit for young people under 26 who take a job in certain industrial sectors or geographical areas in difficulty, etc. For additional information go to Cabinetgregory.
- Special Expatriate Tax Regime
- In France there is a special expatriate tax regime. It especially concerns health insurance and complementary retirement pension contributions and the possible exemptions. For further information, consult CIC website.
- Capital Tax Rate
- Property tax: the rate depends on the location of the building (local tax).
Wealth tax (ISF): for an estate whose net value is over EUR 790,000 on 1 January 2009, between 0 and 1.8%.
Death and gift duties: 5% to 60%.
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Audit, Accountacy, Tax, France