Expat FAQ
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French and expatriate taxation: what to do when you come back
  ]Original version here  |
When the expatriate returns to France, it is required to declare to tax authorities all accounts held abroad and life insurance.
Risk: a fine of 1500 euros per account Undeclared ed.
It must also declare the foreign income (which will be used to determine your tax bracket).
It is also recommended that a civil analysis (eg with your banker ) Of your situation (there may be differences eg the matrimonial regime of the country you are married).
Since 2008 have been implemented to benefit those who return after s five years abroad (year rolling: eg 15 March 2005 to 15 March 2010):
* The tax on income from your business retained abroad (and your expatriation bonus if you have negotiated one with your employer) is exempt for 5 years.
* Passive Income (dividends, interest, capital gains) are exempt from 50% (subject).
* Assets located abroad does not come into account in calculating your tax s ur fortune for 5 years.
After 15 years, there are more value-added real estate in France (after 5 years we apply a discount of 10% per annum on the capital gain, then disappearance of this 10 years later).
In all cases we recommend that you refer you to a tax advisor and / or a lawyer specializing in international taxation to determine exactly which taxes will be applicable.
[15-10-2010]
Risk: a fine of 1500 euros per account Undeclared ed.
It must also declare the foreign income (which will be used to determine your tax bracket).
It is also recommended that a civil analysis (eg with your banker ) Of your situation (there may be differences eg the matrimonial regime of the country you are married).
Since 2008 have been implemented to benefit those who return after s five years abroad (year rolling: eg 15 March 2005 to 15 March 2010):
* The tax on income from your business retained abroad (and your expatriation bonus if you have negotiated one with your employer) is exempt for 5 years.
* Passive Income (dividends, interest, capital gains) are exempt from 50% (subject).
* Assets located abroad does not come into account in calculating your tax s ur fortune for 5 years.
After 15 years, there are more value-added real estate in France (after 5 years we apply a discount of 10% per annum on the capital gain, then disappearance of this 10 years later).
In all cases we recommend that you refer you to a tax advisor and / or a lawyer specializing in international taxation to determine exactly which taxes will be applicable.
[15-10-2010]
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