You are planning a trip to France but you have no idea about the French tax system. You have come to the right place and you will be satisfied. In this article, you will discover the important information about the French tax system that you need to know in order to have a smooth stay in France.
The different types of direct taxes to know
The French tax system covers quite a lot of areas and is really complex. However, you should be aware of the different types of direct taxes. For more details, go right here. Anyone who steps on French soil is subject to 5 types of direct taxes. The property tax must be paid by the owner even if the property is not occupied. This tax varies according to the location and size of the property and must be paid already from mid-October. As for income tax, it is strictly paid before 31 May of each year and covers a whole year. There is also the wealth tax, which becomes compulsory when the taxpayer's worldwide wealth exceeds 1300,000 euros. The business tax concerns all those who work in a company but independently. As for the taxe d'habitation and the taxe audiovisuelle, it concerns the owner or the tenant who occupies the property on the first of January of the current year. However, if you do not have a television set in your home, the television tax does not apply to you.
Circumstances affecting French tax returns
There are some circumstances that can affect the French tax system. Those who are in a relationship may file a joint or personal tax return. In either case, the tax return must cover the tax year. Keep in mind that every couple has to analyse and opt for the tax return that suits them. This is the circumstance that concerns the year of marriage. Another circumstance that can affect tax returns is the separation of spouses. When two spouses are no longer together, they have to file different tax returns. When one spouse dies, the other spouse has to file a tax return considering the income obtained by the deceased spouse from 1 January until the date of death.