French Tax Declarations 2023
French tax season is upon us and considering the ever changing nature of our current economical and political climate, here is an outline of the newly established changes and requirements to note during the process of submitting your tax documents.
Tax Declarations opened on 13th April 2023 and the deadlines run until the end of May (25th May), or early June (1st and 8th June), depending on where you live. The deadline for paper submissions is also earlier than that of online submissions, so do keep this in mind. It is important that you adhere to these dates as late submissions can result in a penalty fine.
Changes for those from overseas
If you are living in France but receive income from overseas (a UK pension, for example), this must be declared. Don’t worry, there are treaties in place to ensure that you do not pay tax on this income in both countries.
However, as a consequence of Brexit, you may now have to pay social contributions. These social contributions cover expenses such as unemployment benefits and medical care. Post Brexit, UK citizens must now pay a higher social charge of 17.2%, instead of the EU member rate of 7.5%.
Please note that not all individuals have to pay social contributions on their UK income. This requirement entirely depends on whether you are covered by the French or UK social/health system.
For example, if you are living full time in France on a UK pension with paid-for healthcare by the UK system, it is unlikely that you will have to pay social charges here in France. Social charges are not taxed from pensions.
However, for those who are living and working in France, but who also receive an additional income from the UK, it is likely that you will have to pay social charges on the UK income as your French income is already be levied for social contributions and you are already covered by the French health and social systems.
Click here to read more about Income Tax and who is required to pay it : https://www.maupard.com/income-tax-in-france-do-i-have-to-pay-it/
If your finances are complicated and you require some guidance and advice, do not hesitate to contact us via telephone +33 (0) 1 53 93 94 20 or send us an email at [email protected].
Our team of experts will be more than happy to assist you with any queries you may have.
If you would like to keep up to date with everything that is happening here at Maupard then be sure to follow us on our social media pages :