Taxes and money in France in 2020: what’s new?

There is good news, with lower income tax for millions this year and the end of one of the main local taxes for most residents. Here are some of the key changes in 2020:

  • France’s first tax band is being lowered from 14% to 11% from January 1. This will mean an income tax reduction of, on average, €350 a year for around 17million households. It will not benefit people who pay no tax or, due to a mechanism affecting other bands, those with incomes of €72,644-plus a year per family quotient part. You can check your ...

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