In France the most common taxes likely to be encountered are :
TVA or Taxe sur la Valeur Ajoutée
This is the direct equivalent of VAT or Value Added Tax in other EU member states such as the United Kingdom and the current French standard rate is 19.6%, although lower rates are applicable to certain areas such as take-away food (5.5%).
IRPP or Impôt sur le Revenu des Personnes Physiques
This relates to personal income tax and France has a self-declaratory system and the employer is not responsible for deducting income tax at source.
Taxe d'habitation
This is a tax payable by the occupier of real property
Taxe Foncière
This a land tax payable by the owner of real property - the owner/occupier of real property pays both.
Impôt sur les sociétés
This is corporation tax payable by commercial companies.
Taxe professionnelle
This is a tax payable by all business entities, be they subject to corporation tax or not.
Impôt sur les fortunes
This is a wealth tax payable by those whose net assets are over circa 720 000 Euros.
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Recommended lawyer(s) for advice
on French Tax Laws
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Arnaud Jouanjan – educated at the University of Paris Sorbonne Nouvelle (Maîtrise d'anglais, 1986), the Univesity of Paris II (Licence en Droit des affaires, 1987) and the University of Aix-Marseille II (Magistère Juriste d'Affaires Internationales; DESS Commerce International, 1990). He is bilingual in English and French and is a fully trained and qualified French Lawyer. He was admitted to the French Bar in 1996 after having previously worked for Ernst & Young as well as Deloitte Touche in the tax field. He specialises in Franco-British, Franco-Irish and Franco-American tax matters.
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Useful related links |
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French Tax Law
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