Social Security Debt Repayment Contribution (CRDS)Social Security Debt Repayment Contribution (CRDS), Social Security Debt Repayment Contribution (CRDS) Monday, March 7th, 2011
The CRDS, which came into force on 1 February 1996, is intended to clear the deficits of the social security system. Like the CSG, it is payable by individuals who are domiciled in France for tax purposes and, where earned or substitution income is concerned, who contribute in any capacity whatsoever to a French compulsory health insurance scheme.
The rate is 0.5%.
The tax base is slightly wider than that of the CSG since some income exempt from CSG, like family allowance and housing benefit, is liable to CRDS.
CRDS is collected in the same way as CSG, with the exception of the contribution on earned and substitution income from foreign sources collected by individual assessment.
CRDS is not deductible from the income tax base.
It yielded €5.72 billion in 2007 and is expected to yield €6.13 billion in 2009.
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