Yatax presents the calendar for the 2022 income tax filing campaign

📣 The calendar for the 2022 income tax filing campaign is known… Kick off on Thursday 13 April 2023!

In a press release dated 14 March 2023, the French Tax Administration has communicated the deadlines for filing tax returns:

Paper tax returns – deadline

 

(NB: for users unable to file online, including non-residents)

 Monday 22 May 2023 at 11.59pm
Online returns – deadlines

 

(NB: the deadline is set according to the taxpayer’s domicile on 1 January 2023)

 Departments n°01 to 19

and non-residents

 Thursday 25 May 2023 at 11.59pm
Departments n°20 to 54 Thursday 1st June 2023 at 11.59 pm
Departments n°55 to 974/976 Thursday 8 June 2023 at 11.59pm

🚩Points of attention:

  • optimisations are still possible: flat tax 🆚 progressive scale for dividends and capital gains; increase in family allowance 🆚 deduction for maintenance payments; IR donation 🆚 IFI donation for tax relief; etc.
  • some transactions, particularly in shares or crypto-currencies, may require:

(i) to request supporting documents from your financial intermediaries, and

(ii) calculate certain amounts to be declared, in application of specific tax rules.

➡️ It is therefore better to start early and, in case of complexity, to be well accompanied

Foreign bank accounts and life insurance policies, what and how to report to the French tax authorities?

Income tax return 2020 for people having their abode in France : you should not forget to report your accounts opened, used, closed or simply held abroad during the year 2020 (form 3916), specifically when boxes 8UU and 8TT of the form 2042 have been pre-checked by the tax authorities, which means that they know!

This concerns accounts receiving securities, shares or cash and also the accounts helds in neobanks (eg Revolut, N26).

Objective: to avoid the € 1,500 fine per unreported account (or even € 10,000 depending on certain countries) or the 80% tax surcharge in the event of taxable income.

For accounts not reported in the previous years (up to 10 years backwards): an adjustment/regularisation is possible and to be analysed on a case-by-case basis, taking into account tax and criminal issues.

https://www.impots.gouv.fr/portail/international-particulier/questions/declaring-foreign-bank-accounts-and-life-insurance-policies-held

Covid 19 lockdown and determination of tax residency

Non-resident individuals: in a note circulated by the French tax administration, it is specified that the period spent in France as a result of the current lockdown would be disregarded for determining their residence from a French tax perspective.