How does income tax work in France 2024

In this video, I’m explaining how income tax works in France - impôt sur le​ revenu. I’ll confirm the timescale to declare & pay your income tax in France, the French vocabulary you need to know, as well as how it works. I'll also share with you my favourite online tool to make income tax simulations.
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1:24 - Who needs to file income tax in France?
3:07 - Timescale to declare & pay income tax in France
6:31 - French vocabulary for income tax
10:33 - What are the Income tax rates in France
12:16 - How does income tax work in France
13:44 - 2 examples from tax office
19:31 - My favourite income tax simulation tool for France
25:22 - Last piece of advice on income tax
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🙋🏻‍♀️ Who Am I?
I’m Valerie Aston, a business advisor to expats freelancing in France (since 2009).
I help English speakers prepare, register, manage and develop their French businesses. Whether it’s their first experience as a freelancer or whether they are experienced entrepreneurs having worked in several countries before. Customers come to me for jargon-free and clear explanations of the French system.

Пікірлер: 13

  • @HamimYtSeo
    @HamimYtSeo3 ай бұрын

    this video is so amazing

  • @checkeredflagfilms
    @checkeredflagfilms2 ай бұрын

    Can you do clip that focuses on foreigners who've retired in France and are living off of their personal savings, rental income in their own country and social security? Also, if you sell your home in your country of origin, you obviously pay capital gains tax in your country of origin. Are you simply required to declare this transaction on a French tax return but not pay any taxes on that income?

  • @StartBusFrance

    @StartBusFrance

    2 ай бұрын

    I'm afraid that my channel only focus on freelancers. It's best to speak to an accountant for the capital gain. If you are already paying capital gain, there should be a tax credit.

  • @user-ho3mt2yj2m
    @user-ho3mt2yj2m3 ай бұрын

    Hy...so nice

  • @marina_monaco
    @marina_monaco3 ай бұрын

    Amazing Video like always. 🙏 I have one question concerning the Micro Entrepreneur calculation. If he has a turnover of 30.000, then the taxable income is 19.800, but when I look in the tax table you showed and want to calculate the tax, isn't it like this: For the first 11.294 it's 0 and then for 19.800 minus 11.294 it's 11%, so at the the end a tax of around 935 (which is 11% of 8506). Or am I understanding something wrong?

  • @StartBusFrance

    @StartBusFrance

    3 ай бұрын

    @marina_monaco yes, your calculation is correct. The Boursobank simulator seems to be giving a lower level of taxes, but they may apply extra rules (for instance a boost for someone getting back to work by creating a business). In the 1st example that I take the single person had a net income of 32,000€, so the calculation is different.

  • @marina_monaco

    @marina_monaco

    3 ай бұрын

    ​@@StartBusFrance Thanks a lot 😊 now I understand

  • @efullilove-thigpen5726
    @efullilove-thigpen57262 ай бұрын

    Bonjour, this video was great, thank you! I do have a question; do you need the Numero d' Identification Fiscal, aka (TIN Number) prior to filling your fist paper return? Or is it assigned to you after its filed? FYI, not sure if it matters but I am an entrepreneur liberal .... thanks!

  • @enoraaston5445

    @enoraaston5445

    2 ай бұрын

    Bonjour @efullilove-thigpen5726 you don't need this number when you file your 1st paper declaration. Leave it blank and they will create one for you.

  • @eleanorprecious9135
    @eleanorprecious91352 ай бұрын

    Really useful thanks Valerie, one question when declaring income on the Impots website therefore, as a micro entrepreneur should you only input 66% of your income or you input everything and they calculate the 66%? I fear I have declared too much income over the last two years.

  • @StartBusFrance

    @StartBusFrance

    2 ай бұрын

    Good question. You have to enter your whole turnover. Impôts apply the rebate in their calculation, not you.

  • @f.a.4077
    @f.a.4077Ай бұрын

    Bonjour, It is my first year in France. Whom should I name the recipient when sending Tax return form 2042 via La Poste?

  • @StartBusFrance

    @StartBusFrance

    Ай бұрын

    @f.a.4077 the tax form is posted to Service Impôts Particuliers (SIP).

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