Q&A: Do I have to register for tax?
Q&A: Do I have to register for tax?"
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All taxpayers have to make an income tax declaration, even if the income earned in the year is nil.
But note that it is all income, worldwide, that needs to be declared, not just that which is earned in France.
Also, for the sake of clarity, please note that it is income that is assessable, irrespective of where in the world the income arises.
Consequently, if you have transferred capital to France on which to live, and this capital is banked in an interest-bearing account, then you will have to declare this income on the tax
return next May.
However, this does not automatically mean that you will have to pay tax as the amount of interest earned may be below the taxable threshold.
However, there will be a liability to French social charges at 12.1%, since social charges have no allowances, rebates, reliefs, reductions or anything.
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