Tax Consultation for Arrival or Departure France
Do you know what the current tax rates are in France? If not, then it is time for a consultation. With our tax consultant on arrival, you can be assured that your taxes will be calculated correctly and that you will get the best deal possible. We have helped many people with their tax needs before, so contact us today to see how we can help!
Tax Consultation on Arrival in France
When you arrive in France, it’s vital that you get your tax affairs in check as soon as possible. The problem is that French tax rates can be complicated to understand, particularly if you are new to the country.
Trying to learn about unfamiliar tax laws can lead to stress and even financial penalties if you get it wrong. That’s why our team of experts is on hand to provide you with a tax consultation on arrival in France.
We can help ensure that your taxes are filed correctly and that you take advantage of all the deductions and credits available to you – meaning you keep more of your hard-earned money, as well as live stress-free in your new home country.
If you think you could benefit from a tax consultation with Elitax, get in touch today.
What Happens During the Tax Consultation?
This service consists of a written consultation to determine each expatriate’s individual situation regarding tax residency and tax obligations in France. 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, dependents, 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. While this seems long, it guarantees a smooth process that is sure to answer any and all questions. There is no need for the client to worry about missing out on important details or overlooking something that might affect their tax situation in France.
It permits the employer to fulfill their information obligations towards expatriate employees and keeps the expatriate employee up to date with current and future tax responsibilities.
Income Tax Calculations
During the tax consultation on arrival in 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 from.
This is an important service as it ensures the individual is not paying more tax than they need to. Here are a few of the calculations we use when determining income tax liabilities:
1. Foreign Tax Calculation
We can determine the amount of tax the individual will need to pay in any country. Using the tax laws of France, 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. This is beneficial as it allows us to understand if the individual is better or worse off financially in France.
We can compare and contrast income tax liabilities between countries, so we can determine whether an expatriate is paying less than they would be back home. If this is the case, then they may want to consider staying longer in France – which means they can take advantage of the benefits offered by the French tax system.
3. Tax and Social Security Differential Calculation
This consists of calculations of:
- The actual social security contributions in the host country and the hypothetical social security contributions in the country of origin.
- The tax amount due in the host country (considering all tax-free benefits, deductions, allowances, and tax credits for which the expatriate may be eligible).
- The difference between two amounts: the actual social security contributions, plus income tax amount in the host country, and the hypothetical social security contributions, plus income tax amount of the country of origin.
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.
Why Choose Elitax?
Elitax is a team of experienced and qualified tax professionals. We have been providing expert advice on French taxation for over 15 years, both to individuals and to businesses.
We pride ourselves on our personal service, ensuring each client receives the best possible advice for their specific situation. As a bilingual team, we are also well placed to provide advice in both English and French.
If you are an expatriate looking for a tax consultation on arrival in France, please do not hesitate to contact us. We would be happy to answer any questions you may have.
Why Is Tax Consultation Important for Arrivals in France?
After arriving in France, you may be so overwhelmed by tasks that you leave your tax duties for another day. It’s understandable that you just want to relax and get used to your new surroundings. However, this is a mistake because if you don’t do your tax return in time, then there is a risk of paying fines and penalties.
As the French government imposes strict deadlines for filing returns, it makes sense to start preparing them as soon as possible after arrival. This will give you the chance to understand how much tax you will pay, while also removing any chance of being inspected by the tax authorities and paying fines for late filing.
A good tax consultant can help you avoid any nasty surprises when it comes time to file your return. By understanding how the French system works and what deductions and allowances you are entitled to, you can save yourself both time and money.
Let us help you with the French tax systems
Get in touch with our Paris-based bilingual tax experts
Thank you Elitax for providing such a no fuss, friendly and efficient service. We have used Elitax for 3 years now and would not hesitate to recommend them.
ELITAX has been fundamental as our tax consultants our expatriated personnel to our day to day operations.