Everything you MUST know about French income tax!

In this video you’ll understand the basic French income tax rules :
-French tax year
-Who needs to submit a tax return
-the famous French “foyer fiscal” system
-What you’ll need to declare
-How your foreign income are taxed
-Social charges on foreign income
-and the French income tax in practice : when to declare, what document you’ll receive,…
At French Tax Online we are dedicated to helping foreign people understand and submit their French tax return - you can start doing your submission here : www.frenchtaxo...
You’ll just need to create an account and follow the steps.
You can also email us directly at : [e-mail]
See you soon !
#frenchtaxes #incometax #incometaxreturn #france #frenchtaxes #frenchtaxonline

[@HuongNguyen-wp7bg]

Thanks Geraud so much for the very clear information of the French tax jungle! Well, it shouldn' be but it is because all mostly written in French. Once you are not good at French, the tough level seems to be twice or triple to study. We are planning to run a business here in France and would love to get connected for the legal/tax consulting.

[@frenchtaxonline]

Thanks for the comment @HuongNguyen-wp7bg ! Don't hesitate to join us at [e-mail] for any enquiry !

[@mr-vet]

Are foreign pensions taxed in France? Specifically, government/ public pensions. For example, I receive a U.S. military pension and in a few years my wife will retire from her US federal government career and will draw a pension…and we will both be eligible to receive social security in a 10-12 years from now as well. Thank you for the information.

[@frenchtaxonline]

Hello @mr-vet, usually government pensions remain taxable in the country where they come from. In your case it would remain taxable in the US and you would not pay extra taxes in france !

[@sirrodneyffing1]

I'm British and always wanted to move to France but when I learnt about how the state operates and the Tax I just forget about it, it worse than the UK; its' just pointless to crucify yourself on such an absurd system when you can go elsewhere.

[@nigelfeng7241]

Bonjour Geraud, This is really good. Can you please break down the tax brackets, help us understand the payslips etc.?

[@frenchtaxonline]

Hello Nigel, thanks for your comment ! You can find the 2023 tax bracket here : www.service-public.fr/particuliers/actualites/A15401 We can help you if you have more questions on [e-mail] - other videos are on their way !

[@DeanRamser]

Excellent video. Very informative. Thank you! We are retired American educators with modest social security and pension payments, and very modest rental income. We had been looking at Spain, France, and Italy because of their healthcare systems. But, Spain and Italy would tax us more than France, and France has better healthcare. Is my perception correct? 60k per year is taxed less in France than in Spain, correct? Thank you.

[@frenchtaxonline]

Thanks Dean! Yes indeed the spanish tax brackets are higher than the french ones. That said US pensions and US rental income are not taxable in France for US citizen living in France thanks to the US/France tax treaty !

[@michellemason222]

Not sure on a couple things. Am planning on retireing there next year and living off my rental income from the USA, but would still be applying for french social security to receive medical care. Would i have to pay a fee for the medical care ? Since my income is from US i will have to pay taxes to USA, would i also have to pay france since on the social security ? Thanks for any help, very complicated

[@frenchtaxonline]

Hello, you would not income tax on your US rental income but you may be asked to pay the PUMa tax for social charges (www.urssaf.fr/portail/home/espaces-dedies/beneficiaire-de-la-puma/assujettissement.html)

[@blktauna]

@@frenchtaxonline 404 - Page introuvable

[@firozshah5928]

Hello, I will study in University as french Language courses, South of France in Nice. While I am on a student visa do I need to open a TAX ID, Will it help me to get a Permanent visa in France when I am paying regular Tax to the Government, as a Student visa how much TAX i have to pay ?

[@frenchtaxonline]

Hello Firoz, visa and taxes are not directly related. You might need to declare your worldwide income if you become a french tax resident and receive taxable income ! It would also depend on your homecountry... :)

[@hanniboberg6517]

Thank you for your video, which gives me hope to move to Nice. We receive - as German natives) a German pension (35K) and moved 2 years ago to Spain for climate and financial reasons. We were surprised about the high taxes here in Las Palmas, GC for this pension (16 %). I truly would have loved to move to France but thought the taxes would be even higher. I fluently speak and write french (as a former interpreter French/German Law) and I love the culture. Can we dare moving there and not to be ruined by the taxes?

[@frenchtaxonline]

Hello and thanks for your comment! would you like us to calculate how much taxes you'd pay ?

[@hanniboberg6517]

Yes, what would be yours fee ?

[@frenchtaxonline]

@@hanniboberg6517 contact us on : [e-mail] in order to get more information from you !

[@hemanthcelos]

Thank you for the nice explanation. After filing the tax returns for the first time in May 2024, when will they usually deduct the taxes? Or when will they repay the extra taxes that were already deducted from your salary?

[@frenchtaxonline]

You are welcome - you should receive the tax bill between august and...december ! The 1st one might be long to arrive. Usually payments or refunds are made from september to december !

[@helenselliez6082]

Thank you ! I hope you don't mind me giving this to my accounting class as English listening homework .

[@frenchtaxonline]

that's with great pleasure!! I am sorry for my accent :)

[@Taldanmus]

"Declaring your worldwide income isn't the same as paying taxes on it.." ok, but an unhappy thing I learned when I lived and worked in Germany: the more your worldwide income, the HIGHER the German tax rate ! so, no, they don't tax your US income, but they let it jack up the rate on your income in your host country -in this case Germany - but I bet France does the same - Géraud could say, but be aware, I thought it was a hidden tax in higher rates .

[@frenchtaxonline]

Good morning! Yes indeed you are right, your worldwide income would increase your final tax bracket and thus the taxes paid on your taxable income in France! This is a quite complex thing and I did not want to go too deep on this video (my very first one!) but I shall go deeper on the french taxes someday... :)

[@Taldanmus]

Thanks for confirming..I will seek further help if I can manage a move to France!

[@frenchtaxonline]

@@Taldanmus it will be our pleasure to help!

[@keacoq]

One trap is the need to declare all bank accounts held outside France. Not very clear and can be expensive if you miss any....

[@frenchtaxonline]

There's indeed a fine for missing foreign bank accounts but you should be able to avoid it if you declared most of them!

[@thomas12709]

When will the video for Expats in France be shared? Interested to see the tax benefits of moving to France and working for a French company as a European citizen

[@frenchtaxonline]

Hello Thomas and thank you for your comment. We are creating our own YT studio in order to be able to deliver more content on a more regular basis (every 2 weeks) and we will share this video very soon! Keep posted :)

[@004x0]

Like i have savings in my revolut account Do i need to declare that ? I made that money in dubai few years back Am a forgiven citizen living in france tho

[@frenchtaxonline]

Hello, you have to declare your non French bank accounts but not the money held on them ! Thus yes you have to declare your revolut account if it is not a french bank account!

[@civilengineeringacrosstheg455]

Hello, Thanks for your clear explanation. I have a question if you answer I would be grateful. I am living in France and working as a vendor in Amazon USA marketplace. in terms of tax payment, do i have to pay it here in France France. If yes, how is the procedure please?

[@frenchtaxonline]

Hello, it depends on the taxes you are speaking about : business taxes or personal ones. You might be liable to US taxes given that you sell in the US, but the profit made on the business and taken personnally is definitely taxable in france as you live here ! You can reach us here for more help : [e-mail] speak soon!

[@jaliyekeffelew8183]

I just stumbled upon your very good informational video. We are retired Americans thinking of getting a long-term visa to live in France. Our pension income more than qualifies us for the visa. Will our pension be taxed in France since we already pay taxes on it here in the US.

[@frenchtaxonline]

Hello, your pensions would remain taxable in the US !

[@hemantparakh6462]

I am an Dominoes in ACCA and I would like to Double my Work in France so kindly suggest what formalities are required to be eligible for French Passport

[@joseeduardobtesh1651]

Bonsoir Geraud! How much is the income tax for an american who move to France and has income from 1099 in the us ( equivalent to CD in Banks) for around 80000 euros a year? Thank you!

[@frenchtaxonline]

Good morning, if you're an US citizen it would remain taxable in the US !

[@joseeduardobtesh1651]

@@frenchtaxonline thank you but I have a different information. So France does not tax residents for income in the US? Spaind does up to 48%

[@frenchtaxonline]

@@joseeduardobtesh1651 it actually depends on your citizenship as well as the type of income you need to declare. Some are taxable in france and some are not !

[@joseeduardobtesh1651]

@@frenchtaxonline thanks again. I clarified those thing in my question. Best regards but wrong answer!

[@billytheadult6247]

My wife, 10 year old son and I plan to reside in the south of France in 2024 (Provence-Alpes-Côte d'Azur region), whilst maintaining residence in the USA. We do not plan to work in France. We have income from investments in the US. I foresee executing's buy or sell orders while in France. We will have no rental income in France, and plan on paying for our own health insurance. 1. Do we need to file/pay taxes in France? 2. Since we plan to own our property in France, do we need to pay property taxes? 3. Should we be concerned with inheritance tax? Thank you in advance.

[@frenchtaxonline]

Hello @billytheadult6247, 1) yes you'll need to file a tax return in france (which does not necessarily mean paying taxes !) 2) Yes you'll pay the french property tax (taxe foncière), 3) you might need to prepare a french will if you plan to live in france on a long term basis !

[@billytheadult6247]

@@frenchtaxonline Great, thank you for the speedy reply.

[@edwardsharpe6234]

Geraud I have lived almost all of my life in the US but I have dual US & French citizenship. I am considering retiring in France and I understand that US based government pensions and social security are not taxed by France, but would that apply to me also being a dual citizen? Does France tax US employer pensions? US based interest, dividends and capital gains?

[@frenchtaxonline]

Hello Edward, your government pensions would remain taxable in the US as well as dividends and interests - the rest might be taxable in France depending on your final situation !

[@edwardsharpe6234]

Merci beaucoup.@@frenchtaxonline

[@aadilsiddiqui89]

Hello, I started working in france in May 2022, and couldn't file my taxes. Can I file my taxes now for the year 2022-23 given that the deadline has already passed?

[@frenchtaxonline]

Hello, yes of course you can still submit your tax return! You can contact us using [e-mail] for more help!

[@robfrancis6001]

Fairly clear although something seems not correct with the tax formula, as a single person would be 1 part and using that formula would pay 100% of their income as tax. Also, I have three sons fully dependent on me (for now) but the older two are 20 and 18 respectively. Would they still be 0.5 parts each? Looking at selling our home in New Zealand and moving to France to retire. I will not be working but I always have investments in stocks, foreign exchange markets and cryptocurrency. As everything progresses, I will look to become your client.

[@frenchtaxonline]

Hello Rob, your two first sons would count as 0.5 tax part and the third one would count as 1 entire part! It will be our pleasure to work with you once you set up in France. See you soon!

[@Fuk_Zat_Tek]

capital tax gains on stocks and crypto = 30 % on profits once you cash-out

[@sirrodneyffing1]

"selling our home in New Zealand and moving to France to retire" Mate, you must have lost your mind. I'm British, I love France, its beautiful, and lots propery is cheap but I'm not walking all that Govt. mess.

[@Fuk_Zat_Tek]

@@sirrodneyffing1 I'm french , and i quit for Thailand soon 🤣 But i have to say , if he wants to live in a peaceful village in France , he can switch off the TV screen and will never be annoyed by french government or anythig else... Real problems are for locals, when you're abroad you don't give a f*ck about local politics till it's not going on a revolution or military putsch

[@keacoq]

Good move. I moved to France about 6 years ago in retirement and am pleased I did. But be careful to declare all bank accounts outside France.

[@Cubanbearnyc]

....complicated!