In principle, taxable income is determined by adding up the net income in each category available to a tax household during the year of taxation. Taxable income is a total income This means that it includes all the net income of the members of a tax household in one or more categories of income. At [...]
Gains from the sale of transferable securities that are made directly or through an intermediary by persons not domiciled for tax purposes in France and do not derive from substantial interests are exempt from income tax. This also applies to legal entities whose registered office is situated outside France. Interest on deposits made by non-residents [...]
Financial income Income from variable-yield securities A 25% withholding tax in discharge of income tax liability is levied on dividends and similar income distributed by French companies to persons not domiciled in France. The rate is 18% for dividend and similar income paid since 1 January 2008 to individuals having their tax domicile in an [...]
In principle, persons not domiciled in France must file an annual return reporting all their income if they have income from French sources or one or more homes in France. The rules for income received by persons domiciled in France are the same in principle for income received by persons not domiciled in France. However, [...]
Capital gains may be realised by individuals in the course of managing their private assets or in the pursuit of a business activity. Capital gains realised by private individuals The taxation of capital gains realised by private individuals applies to capital gains on real property and capital gains on the sale of transferable securities or [...]
This category covers income from variable-yield and fixed-income securities. Income from variable-yield securities includes income from shares and similar income distributed by legal entities liable for corporation tax. Income from fixed-income securities includes income from bonds and other negotiable debt securities and income from receivables, deposits, guarantees, shareholder advances, Treasury bills and short-term notes issued [...]
This category includes: • wages, salaries, compensation and emoluments received in consideration of an employment, including the remuneration of senior managers of joint-stock corporations (chairman of the board, chief executive officer, deputy CEOs and members of the management board) and managers of limited liability companies, allowances paid to members of the French and European Parliaments [...]
Income from real property includes income from urban or rural developed or non-developed property in France or in other countries. However, where such income is linked to the pursuit of an industrial, commercial, craft, agricultural or non-commercial activity, it is included in the profits of the activity according to the relevant rules. Recipients of income [...]
© 2012 INTERNATIONAL TAX NEWS by Levi WEISZ. All Rights Reserved. Log in - International Tax News by Levi WEISZ | Designed by LevDesign