Tag Archives: income

French income tax made easier

French income tax19 June, 2013

It’s always good news when tax is made a bit simpler. And that’s just what’s happened in France as the income tax (impôt sur les revenus) and social charges tax (prélèvements sociaux) are now being merged into one annual payment.

Although the combination of payments sadly won’t make your final tax bill any smaller, it will at least give a better upfront idea of how much you owe all in one go. Plus, there’s no more waiting for that dreaded second letter.

For more details on payment methods and timings, take a look at:

The content of this blog is intended only to provide a summary of matters of interest. It is not intended to be legal advice.

Income tax to hit Andorra: a sign of the times?

Andorra4 June, 2013

Has the Euro crisis heralded the end of the tax haven? The head of Andorra’s government, Antoni Marti, has announced he’ll instate income tax to bring Europe’s sixth smallest nation into line with international tax standards. This will be the first time that such a tax has applied to personal income in Andorra.

The new bill has been proposed in the wake of finance ministers calling for stricter measures against tax evasion, which is said to cost the EU £850 billion a year.

Read the full story here: http://www.bbc.co.uk/news/business-22745895