Quote:
Originally Posted by nly13199
Hi
I am moving to france on a long term assignment.
Can anyone help on how the tax is levied for the expats? Is there any guideline available?
Appreciate some pointers in this regard, thanks
Par
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Hi!
If you become a French fiscal resident, you have to declare your world income, and the taxes paid on the foreign income.
If you have EC income, these will not be taxed on France, except financial income, which will pay a total of 29% tax - 18 % + 11% ( for 2008 income ).
Notwithstanding, your foreign income come to play, in as much as your French income will come possibly in a differently rate of taxation.
Otherwise French allowances are based on each income type, so it is not possible to give you a table how you concieve it.
The following one, valid for 2007 income, is based on French taxable income ( Gross minus relative French allowances.)
Calcul de l'impôt sur le revenu : barème et taux 2008
To get an real impression, you need to do a simulation.
You can try here ( take the : complet ")
Calcul en ligne de l'impôt sur le revenu (IR)
But I do not think it will take foreign income into consideration.
Yours,
giantpanda