Personnal income tax
Personal income tax (IRPP) is an annual tax determined at the level of the tax household (not the individual). Spouses and their dependent children can therefore have resources that are subject to a single tax return and thus constitute a single tax household.
The income received and taxed under the IRPP is as follows:
- Property income
- Industrial and commercial profits (BIC)
- Non-commercial profits
- Remuneration of company directors
- Salaries, wages, pensions
- Income from movable capital (RCM): income from financial investments (dividends, life insurance income
- Capital gains: all capital gains such as real estate capital gains, capital gains on securities, capital gains on movable property and professional capital gains.
It concerns salaries as well as property income, profits (agricultural, commercial, industrial, non-commercial) and capital gains and income from securities or investments. IRPP is a declarative tax. It is therefore essential to fill in a tax return each year to calculate it. In 2019, the IRPP is divided into five tax brackets, the rate applied varying according to income. In detail, the rate is 0% for income up to €9,964, then it rises to 14% for income between €9,965 and €27,519, 30% from €27,520 to €73,779, 41% from €73,780 to €156,244 and 45% above that threshold.
If you wish to find out more, do not hesitate to contact us via telephone +33 (0) 1 53 93 94 20 or by mail at [email protected]. Our team of experts will happily assist you with any queries you might have.
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