๐Ÿ‡ซ๐Ÿ‡ท France

Europe
2 residency programs
Residence-based taxation
Paris, France

Countries / France

France, officially the French Republic, is a country whose territory consists of metropolitan France in Western Europe and several overseas regions and territories. The metropolitan area of France extends from the Mediterranean Sea to the English Channel and the North Sea, and from the Rhine to the Atlantic Ocean

The country has long been a global centre of art, science, and philosophy. It hosts the world's fifth-largest number of UNESCO World Heritage Sites and is the leading tourist destination, receiving around 83 million foreign visitors annually.

France is a developed country with the world's sixth-largest economy by nominal GDP, and tenth-largest by purchasing power parity. In terms of aggregate household wealth, it ranks fourth in the world. France performs well in international rankings of education, health care, life expectancy, and human development

Known for

Fact Sheet

Continent

Europe

Demonym

French

Calling code

+33

Driving side

Right

Motto

Liberty, equality, fraternity (Libertรฉ, รฉgalitรฉ, fraternitรฉ)
Population
66,632,870
Human development index
0.90
Life expectancy
82 years
Gini index
33.10
Unemployment rate
10%
Inflation rate
0.7%
Fertility rate
2.0

Cost of Life

Cost of Living Index
74.14
Rent Index
25.39
Groceries Index
67.90
Restaurant Price Index
72.54
Local Purchasing Power Index
80.36

Residency Programs (2)

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax rates

Per household unit calculation (quotient familial)

French taxes are calculated per household based on the number of "unit" in a household. A household of two adults counts as 2 units. A child is half a unit.

The total income of the household is divided by the number of units in it. A notional tax charge is created for each single โ€˜unitโ€™ on a progressive basis using the income tax bands above. The resulting figure is then multiplied by the number of โ€˜unitsโ€™ to give the tax liability for the household.

Personal Income Tax (Impรดt sur le revenu)

Progressive tax up to 45% above 157,806 EUR (169,445 USD).

From:

  • Worldwide income, if resident
Social Charges/Contributions (CSG/CRDS)

Flat tax of 9.7%.

From:

  • French income, if resident

On top of the standard income tax rate, France levies some charges related to Social Charges or Contributions on income (and also on pensions and capital gains, but different ones). Social Contribution includes CSG (Contribution Sociale Gรฉnรฉralisรฉe) and CRDS (Contribution au Remboursement de la Dette Sociale). Part of that tax can be credited back to the income tax. It's all very complicated really, like a good French polar.

La 'Flat Tax'

Flat tax of 30%.

From:

  • Worldwide dividends, if resident
  • French director's fees, if resident or non-resident

Rates Year of Assessment

YA 2020

Tax Treaties (125)

France has concluded 125 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Project by @SlyBridges

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