-
Do foreign savings accounts have to be declared on French tax forms?
Admitting errors may make the authorities more lenient
-
Airline passenger refunds due as ticket tax rise cancelled by French government fall
Refunds of up to €57 are due for clients who booked flights in early November and up to early December
-
Millions in France at risk of paying more tax due to budget chaos
2024 tax brackets may be maintained with no allowance for inflation unless new measures are passed
Earnings limit to benefit from French ‘micro’ rules?
Could you clarify the limit that I may now earn as a micro-entrepreneur ? I have been affiliated for 10 years and am registered as a “consultant” advising clients on their property renovations and repairs. C.A.
The threshold for income under the micro-entrepreneur system for rendering services is €70,000.
Note that you must apply VAT if your income exceeds €32,200.
The threshold benefits from tolerance levels.
If income in a given year exceeds the threshold and this is the first occurrence in a two-year period, then the following year the trader is allowed to continue as a micro-entrepreneur.
If you go over the threshold again the year after that, then you must change regime and declare under the réel tax system, with more complex accounting.
Reader's query answered byHugh 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 Due to the sensitive nature of topics we do not publish full names or addresses on these pages.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