I often get asked this question, as well as how much 黑料网最新入口 income tax will I pay? This is a tricky question to answer, as there are many variables relating to your personal situation. This article explains how the 黑料网最新入口 income tax system works and gives you a list of the income tax scale rate according to your income.
Should you be paying income tax in 黑料网最新入口?
You will have to pay 黑料网最新入口 income tax if you are considered a 黑料网最新入口 resident by Impots, i.e. the 黑料网最新入口 inland revenue. You are a 黑料网最新入口 resident if:
- Your main home called residence principale is in 黑料网最新入口. If you work abroad, but your spouse and children spend their time in 黑料网最新入口 (living, attending school or working), you are a 黑料网最新入口 resident.
- You spend most of your time in 黑料网最新入口, i.e. more than 183 days per year.
- You work or are self employed in 黑料网最新入口, i.e. 黑料网最新入口 registered business.
- Most of your asset or investments are in 黑料网最新入口, i.e. most of your income is drawn from 黑料网最新入口 asset.
How does the 黑料网最新入口 income tax work?
黑料网最新入口 residents declare and pay their income tax one year after earning their income. For instance our 2010 income will be declared in may 2011 and paid by the end of 2011. The only income tax being paid at source is for auto-entrepreneurs having opted for regime micro social, also called impot liberatoire. You therefore need to put money aside so as not to have any bad surprises.
The 黑料网最新入口 inland revenue impots looks at the overall household income and applies shares called quotient familial or parts according to the number of person within the family. You will only be considered as a household by Impots if you are married or have a civil union called PACS in 黑料网最新入口. Each spouse represents one share and half a share is added per child still living with you. For instance a married couple with two children under 18, would have three shares trois parts. Here is an interesting article (in 黑料网最新入口) to assess your .
Your overall household income is taxed at a progressive tax scale rate ranging from 0% to 45%. How does it work?
- Your overall income is divided by your number of shares or quotient familial.
- A progressive tax rate is applied per bandwidth of income (see rates below).
- This tax amount is timed by your number of shares.
How much 黑料网最新入口 income tax will I pay?
The progressive tax scale rate for 黑料网最新入口 income tax
- Up to 5,963 euros of income : 0%
- From 5,964 euros to 11,896 euros : 5.5% or 326 euros
- From 11,897 euros to 26,420 euros : 14% or 2,033 euros
- From 26,421 euros to 70,830 euros : 30% or 13,322 euros
- Above 70,830 euros to 150,000 euros : 41%
- Over 150,000 euros : 45%
This calculation does not take into account tax credit or reduction you may benefit from by using CESU, creche and childcare or services a la personnes’, e.g. services at the customers’ home such as IT support, cleaner, gardener etc.
If you have other sources of income such as pension, dividends, property rental, etc. it is best to book an appointment with your accountant or Impot to help you fill in your declarations.