The French Social Security Financial and Income Tax Bills of 2016 will bring changes to the countries income tax and social security rates and bands. Additionally, e-filing of returns will be mandatory for any individual earning in excess of EUR and this will become mandatory for all individuals by 2019.
The 2015 income tax bands have been adjusted in accordance with inflation. The revised bands are as follows:
The income tax bands of 2015 have been modified in accordance with inflation which are as follows:
Taxable Income Per Unit(1 unit) | Tax Rate |
up to €9,700 | 0% |
€9,700 to €26,791 | 14% |
€26,791 to €71,826 | 30% |
€71,826 to €152,108 | 41% |
over €152,108 | 45% |
The bills will mostly become effective from 1 January 2016.