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Money, inheritance, tax, pensions: What's new in France in 2025
European Commission set to decide on French law affecting UK and US wills, potentially altering inheritance plans
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Moves to end automatic citizen-based taxation of Americans living abroad
Eligible US citizens would be able to claim residency-based taxation status and see automatic requirement for annual American tax returns end
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Law passed to allow France to continue to collect taxes despite lack of 2025 budget
A new budget will still need to be passed at the start of next year. The emergency law does not raise income tax bands as usually happens so these remain frozen at 2024 levels
Is it too late to change French declaration of 2022 income?
Honesty is the best policy when it comes to tax – and corrections will not usually lead to penalties
Reader question: I forgot to mention a small amount I made from selling some cryptocurrency last year. Is it too late to change my 2023 tax return? And, if I can do it, will there be penalties?
It is not too late, and it is simple to make changes, especially if, as most people do, you declared online.
A service for corrections opens this year from August 2 via your personal space on the tax website. Click "Accéder à la correction en ligne," make your changes, and then click "Valider." A new avis d’impôt will be issued.
Read more: Tips and advice as mandatory French property form deadline looms
If you take the initiative, no penalties will be levied for late declaration, though it is possible that you might have to pay interest.
If so, this interest would only start from July and would usually be at a reduced rate of 0.1%, though if this is the first time it has happened, there might be nothing to pay.
Cryptocurrency is declared on annexe form 2086 and carried over on to box 3AN (this is on the 2042C if declaring on paper). Search for the 2086 paper form on impots.gouv.fr for more information.
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