Tuesday, April 12, 2016

Taxes 2016: high earners will make their statements online – Le Parisien

In 2016, only 46% of French, 16 million tax households, will be liable to the tax that pays 70 billion euros into the coffers of the state, far behind the CSG which garners 90 billion and VAT 145 billion. The flagship of our tax tax system is more concentrated, with 10% of the richest taxpayers representing 70% of revenue. And 1% of the richest who pay 45% of revenue.

An obligatory passage through the site impots.gouv


 If there is no revolution for the income statement, Bercy will gradually go digital. This year, taxpayers whose income tax reference exceeds 40 000 will be the first guinea pigs of the online declaration. This obligation will gradually be extended to all other tranches until 2019. For the 2017 season, it will be the taxpayers whose tax income exceeds 28,000 euros to spend on the internet.

For those who have internet at home or who are not accustomed to the use of computers, a tolerance will be accepted this year, however. But in case of non-compliance with the rule for two consecutive years and without specific exemptions, the taxpayer will be exposed to a fine of 15 euros.

In 2015, 6.4 million tax households have up to receive the paper declaration form, 14.6 million households conducted online statements and 3.3 million paid online.


 The reporting dates vary departments


 For those doing a paper return, the deadline was set for Wednesday, May 18 But for those who take steps online, the deadline varies depending on the taxpayer’s department of residence. The 101 French departments were divided into three geographic areas. The deadline is 24 May for departments 1-19 (Ain to Corrèze). It is May 31 for the departments of Corsica in the Maine-et-Loire. Finally, tax departments homes classified between the Channel and the French Overseas Departments have until June 7

Who is taxable?


 The Finance Act set new tranches of taxable income. Income not exceeding 9700 euros is not taxed. In the group between 9700 euros and 26,791 euros, the tax scale is 14%, it is 30% for those earning between 26,791 euros and 71,826 euros, 41% for those between 71 826 and 152 108 euros and 45% for the higher bands.

Do not send supporting documents, keep them three years


 On your return (pre-filled for almost all people), it is the revenue received during the year 2015 to be included. You obviously the opportunity to make corrections. Note that “overseas accounts also have to be declared” also reminded Christian Eckert, the Secretary of State for the Budget, with reference to cases of tax evasion revealed by the Panama Papers …

Remember that it is not necessary to send proof if you make donations to associations or if you employ a maid. Just include them in the declaration for a tax reduction. However, these justifications must be kept for three years for controls of the tax authorities.


 Deletion of the first tranche of tax revenue


 “The first finding that taxpayers will make this year is that the recovery of accounts allows us to continue the downward trend in household tax of modest means and launched in 2014. In total, with the removal of the first tranche of income tax, reform enacted in Finance Act 2016 will lead to make it 5 billion euros of spending power to taxpayers. It is thus about two thirds of the imposed tax households who have seen their income drop, sometimes canceled since 2014, “said Christian Eckert.


 End of the premium for employment


 Another upheaval, but this time for taxpayers with low incomes: the removal of the employment premium (PPE). Now replaced by a premium business paid by the Family Allowances Fund (CAF) or MSA (MSA), PEP no longer appears in the reporting forms. “The earned income tax is not renewed in 2016. Check caf.fr if you can benefit from the premium paid by business family allowance” is it so described on page 3 of the form paper reporting income.

No bank transfer or check in excess of EUR 10 000


 Taxpayers might be surprised at checkout in September. Since the statement of income in 2014, the threshold allowed for cash payments has fallen from 3 000 to 300 euros. Workers earning high wages will also have to adjust their online tax bill on impots.gouv.fr by smartphone or join the collection at maturity provided that the amount of the tax exceeds 10 000. This limit will be reduced to 2 000 in 2017, EUR 1 000 in 2018 and 300 euros in 2019. Finally


 A particular space


 For registrants, personal space is used to request payment deadlines, to report changes of address, marital status … This service is open 24h / 7d and 24: 7

Knowing immediately what you’ll pay


 From this 2016 campaign, the big advantage of e-filing is the ability to immediately receive their tax assessment must wait while the summer when the statement is mailed. A real plus for who should provide this tax notice for social benefits. A simulator for calculating the income tax is available on impots.gouv.fr. This simulator includes the removal of the employment bonus.

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