households who pay their tax on the income mensualisée be able to see the projected decline in this tax as of Monday, the day fixed for the first payment year 2017. This tax cut, announced last summer by the government, must receive a total of five million taxpayers among the middle classes, was recalled Sunday by the ministry of Economy and Finance in a press release.
While she was initially due to enter into force in the month of August, the government decided to advance it to the household wage or pay their taxes by third parties, via an amendment to the finance bill 2017 adopted in mid-December. The objective is to restore the “purchasing power to the French as early as January (for those who are wage)”, was insured at the time the secretary of State for the Budget Christian Eckert. This measure, which will therefore enter into force before the presidential election, represents a total of one billion euros.
It is in regards to the full rate for couples earning up to 3,400 euros of net salary and unattached individuals with incomes up to 1.700 euros. These limits are increased for families, for example, up to 4,800 euros for a couple with three children. Individuals with an income tax lower reference to 18.500 euros will have a tax reduction of 20%. Those who have a taxable income of between 18.500 and 20.500 euros will have a tax reduction of less than 20%. For households who pay their taxes by one-third, the decrease will be effective as of the 1st third party provisional of February 2017,” says Bercy in a press release.
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