Common issues whilst paying taxes in France

Tax declarations are now, hopefully, just a fading memory, with the relief you will not have to consider them again until next May. Sadly, many people are dealing with problems from confusing elements of the declaration, such as social charges that should not have been taken.

An increasingly common issue is the declaration of foreign bank accounts (any account outside of France). Here, this refers not to income from accounts, but merely the fact of holding an account of any kind, bank account or otherwise.

This is important, as the penalty is €1,500 per undeclared account, rising to €10,000 where the account is held in a territory with no administrative agreement with France. In addition, an account that is reported but with inaccuracies and / or omissions, will incur a penalty of €150.

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