What are the tax brackets in France?

HomeTaxationWhat are the tax brackets in France?

The French income tax system is fairly progressive, but marginal tax rates vary according to income. The highest marginal tax rate is 45 %, and the lowest marginal tax rate is 10 %. The French income tax system is progressive. This means that the tax burden falls more on higher incomes. The tax brackets shown below are for 2013. These tax brackets are progressive.
This means that the tax rate increases as your income increases. The highest bracket includes income above the threshold. For example, a person earning the threshold amount will pay the highest tax band. The tax bracket you are in increases with your income. The next tax bands apply only to income above the threshold. These tax rates apply only to income above the threshold. These tax rates apply only to income above the threshold. If you receive income from self-employment, capital gains, dividends or other income that does not fall into one of the following categories, you should contact a tax adviser to determine whether you should report as self-employed, special tax, capital gains tax or other income.

Income tax basics: Who pays income tax?

In France, taxpayers are taxed on their worldwide income, regardless of where it was earned. Unlike some countries where residents are taxed only on their home income, French residents are taxed on their worldwide income. Income tax is collected by the French government and administered by the French tax authorities. French income tax rates are set by the government and are based on the type of income. French residents who receive income can choose to be taxed under the "community" or "mixed system" income tax system. The "community" income tax system is the system most commonly used by French taxpayers.

Income tax rates

The rate of income tax varies according to your tax bracket. The bands are shown above and are based on 2013 income. In the 'community' system, taxpayers are grouped into five income tax bands. The higher your income, the higher the tax band you are in. For example, if you earn €30,400 (about 38,000 $) a year, you will be in the 40 % tax bracket and pay income tax at a rate of €3,020 (3,460 $). In the 'mixed system', taxpayers are grouped into three tax bands. The highest tax bracket is 33 %. The tax brackets increase as your income increases. If you earn EUR 30 400 a year, you will be in the 33 % tax bracket under the 'mixed system'. Under this system, the tax rate is 33 % on income up to €19,200 ($24,000). Thereafter, your income above €19,200 is taxed at a rate of 37 %.

Dividends

If you receive a dividend, you must declare the income and pay tax on it according to the tax brackets shown above. The tax rate is the same as the tax bracket you are in.

Capital gains

If you sell a fixed asset and a capital gain is realised, you must declare the gain and pay tax on it according to the tax brackets shown above.

Self-employed persons

If you are self-employed, you must pay company contributions (CVS). The CVS rate is 1.3 % on earnings above the CVS threshold.

About exemptions

There are a number of exemptions from paying income tax. If you are employed, you may be exempt from paying income tax if your gross annual salary is below a certain level. If you are self-employed, some of your expenses may be tax deductible. You may also be exempt from paying tax on certain types of income.

In summary

If you are a French resident, you must pay tax on your income. The rate of income tax you pay depends on your income bracket. Some types of income are exempt from income tax. You must declare your income and pay tax on it according to the tax bands shown above. If you are self-employed, you must declare your profits and pay self-employment tax. You must also declare your income and pay income tax according to the tax brackets shown above. If you are a French resident, you must declare your income and pay income tax according to the tax brackets indicated above. If you are self-employed, you must declare your profits and pay self-employment tax. You must also declare your income and pay income tax according to the tax brackets indicated above.
Lire aussi :  Crédit d'impôt : comment en profiter ?
panel67
36 years old. My passion? Finding good ideas and tips to make everyday life easier. Are you looking for a site full of information and advice? You've found it! I propose to boost your daily life!
en_GBEnglish (UK)