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Does everyone in France need to complete an income tax return?
Deadlines to complete declaration fall in May or June this year
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French bank to close dozens of Britons' accounts citing Brexit
Regional caisse in south-west blames complicated post-Brexit rules and measures to stop money laundering
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Change for foreign residents and eligibility to family benefit in France
People will only be able to obtain family benefits if they spend majority of the year in the country
What is my micro earning limit?
What is the limit that I may now earn as a micro-entrepreneur ?
I am registered as a consultant advising clients on property renovation and I am on the micro-social simplifié. C.A.
The threshold for rendering services is €70,000 although TVA/VAT kicks in when income exceeds €32,200.
The threshold does benefit from “tolerance levels”, meaning that if the income in the preceding year exceeds the threshold and this is the first time it has done so in a two-year period, then the following year the trader can continue as a micro-entrepreneur (as opposed to moving to the réel tax regime). However, this is once-only benefit.
Reader's query answered by Hugh MacDonald
The Connexion welcomes queries and regularly publishes a selection with answers. However, please note that we cannot enter into individual correspondence on money topics. Queries may be edited for length and style. Due to the sensitive nature of topics we do not publish full names or addresses on these pages. Send your financial query tonews@connexionfrance.com
The information here is of a general nature. You should not act or refrain from acting on it without taking professional advice on the specific facts of your case. No liability is accepted in respect of these articles. These articles are intended only as a general guide. Nothing herein constitutes actual financial advice
