When you arrive in France, or if you choose to leave, it’s vital that you get your tax affairs in check as soon as possible. Unfamiliar tax laws and unpaid tax bills can lead to stress and even financial penalties.
Avoid all of these worries with Elitax. We offer a tax consultation on arrival in or departure from France that will ease your concerns. Getting into good financial habits will make life in a new country far more relaxing.
If you think you could benefit from a tax consultation with Elitax, get in touch today.
This service consists of a written consultation to determine each expatriate’s individual situation regarding tax residency and tax obligations in France and in the country of origin, or in France and in the country to which he/she is being transferred. Our team looks at each individual case and gives helpful, bespoke advice.
The expatriate fills in a questionnaire that allows us to assess both individual circumstances (marital status, dependants, personal assets, sources of income, etc.) and professional situation (split-salary, multiple contracts, etc.).
The consultation questionnaire is a 12-to-20-page document, depending on the complexity of the case. It’s useful for both employer and employee, and guarantees the process of moving country is made easier. It permits the employer to fulfil their information obligations towards expatriate employees and keeps the expatriate employee up to date with current and future tax responsibilities.
During the tax consultation on arrival in or departure from France, we will advise on the individual’s income tax liabilities. Using a number of calculations, we can determine an expatriate’s tax liabilities in respect of both France and the country that the expatriate is leaving or moving to.
1. Foreign Tax Calculation
We can determine the amount of tax the individual will need to pay in any country. Using the tax law of this country, we identify potential tax benefits such as deductions, allowances and tax credits.
2. Country of Origin Hypothetical Income Tax (Hypo Tax)
We calculate, for comparison purposes, the income tax the individual would have paid if they had stayed in the country of origin.
3. Tax and Social Security Differential Calculation
This consists of calculations of:
In the case of the final point, the difference between these two calculations is the amount the employer will need to compensate. As a taxable income, your employee will be liable for social security contributions and income tax calculated on this amount. This “tax on tax” calculation gives the final gross amount you have to pay to the expatriate to completely compensate for the tax difference.
In providing tax estimates, Elitax makes every effort to work with the latest information available. However, Elitax will not be responsible for any modifications arising from late changes to tax rules.
We’ve helped hundreds of clients resolve their tax issues.
Eliane and her team have been preparing my tax returns and guiding me through the complexities of dual taxation (USA-France) for the past four years and I couldn’t recommend them highly enough! I first contacted Elitax two weeks before tax deadline, when I had been let down by another company. Eliane took the time to understand my situation and left me confident that she would take care of everything. And she did! Aside from Eliane’s comprehensive technical knowledge and impeccable English, she has the rare gift of being able to convey her knowledge in a way that an average human being can understand. In addition, I always appreciate Eliane’s calmness and patience and the personal interaction that she is always ready to provide.
ELITAX has provided excellent service for me for several years on both the French and the USA returns. In addition to her expertise in national and international tax law, Eliane Rakotonoel provides the additional – invaluable! – dimension of full customer service, attending promptly and personally to any questions and concerns that may arize during all phases of the return process. I do not hesitate to highly recommend ELITAX to anyone interested in working with a highly competent tax specialist who will also assure personal attention to your needs!
As an expatriate, surrounding yourself with a set of professionals is of vital importance. Eliane guided me from my arrival to my departure through the complicated French fiscal systems, I felt in the best hands, never had any issues with the tax authorities. Eliane’s patience and service are second to none. Even today, after 2 years of my departure from France, I keep Eliane as a contact and ask for her advise which she offers at a very reliable speed. I highly recommend using Elitax as your tax parter.
In my dealings with Elitax I have found them to be open and honest. I was impressed by their knowledge and above all their professionalism. They are also nice people to deal with.