€700m in extra tax collected in France

The change to at-source income tax which began on January 1 is set to mean around €700million more tax collected this year.

Connexion journalist
Published Modified

The Finance Ministry says it is on course to recover 99% of tax due, up from 98% last year.

It says the new arrangements, including automatic levies on salaries and pensions, are proving effective at combating non-declaration due to fraud and “fear of formalities”.

There had been concerns that teething problems with the change could lead to a decrease this year but they have proved unfounded.

Stay informed:
Sign up to our free weekly e-newsletter
Subscribe to access all our online articles and receive our printed monthly newspaper The Connexion at your home. News analysis, features and practical help for English-speakers in France

tax money finance / money budget practical

tax money finance / money budget