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 la plus value
This is French Capital Gains Tax (CGT) and it is most often encountered upon selling real property, particularly second homes in France. It is subject to taper relief over a fifteen year period.
Impôt sur les fortunes
This is a wealth tax payable by those whose net assets are over circa 790 000 Euros (as at January 2009).
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Recommended lawyer(s) for advice
on French Tax Laws
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If you wish to be put in touch with a maximum of three English-speaking
fully trained and qualified French lawyers specialising in this particular
area of French law, please click here.
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Useful related links |
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1.
French Tax Law
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