Social charges are to rise by 2 percentage points, affecting capital gains and investment income, while the rate of VAT is to rise by 1.6 points.
New anti tax evasion measures increase the period over which the French tax authorities can act, writes Virginie Deflassieux of PKF (Channel Islands) Ltd.
The merger of French income tax with social charges seems a distinct possibility, with potentially significant implications for expats.
In response to lower than anticipated economic growth the government has announced a further round of austerity measures to tackle the budget deficit.
The reform of capital gains tax leaves little room for manoeuvre to reduce tax liability, but there are options that may be of use to some of you.
The government have published the proposed income tax rates and thresholds for 2012.
We show an example of just how the new crédit d'impôt should be calculated, provided by a French tax official.
The reform of capital gains tax on second homes has now been adopted, albeit in a modified form.
There is widespread official confusion over new rules on the taxation of public service pensions, under which some expats face an increase in their tax bill.
With the arrival of autumn local rates bills have started to drop through letterboxes, and there are substantial differences across the country.
In a major change of policy the French government has abolished the current relief from capital gains tax for second home owners.
Those who are of retirement age on a low income are exempt from French capital gains tax.
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