Monday, June 8, 2015

Income tax: the withholding committed from 2016 – Challenges.fr

The government will engage “in 2016″ the transition to withholding of the tax on income, said Sunday June 7, Finance Minister Michel Sapin, adding French that no one shall be subjected to this system before the presidential election in 2017.

“We will engage this process in 2016 (en route to withholding,” said Michel Sapin on France Inter, adding that it was “completely impossible” to change the collection system of the tax on income “overnight” in the January 1, 2016.

“Otherwise, it would mean that the French will have to pay 2016 taxes on income in 2015, plus income taxes in 2016. I leave you predict their reaction,” he insisted.

On Saturday, Prime Minister Manuel Valls has promised socialist congress in Poitiers, that the government would undertake the tax deduction at source.

This change of system is “very complex “warned the first union of tax officials, Solidaires-Public Finance, after the announcement.

Asked about whether the French will be deducted at source before the presidential election of 2017, Finance Minister replied. “I do not think”

“To be deducted at source in 2018, must have previously done all that series of operations allow then to do in good conditions, that do not penalize the French, “he added.

(With AFP)

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