No relaxation of taxation is planned soon on the interest on savings accounts. “This will not change in 2025,” assured Gilles Roth (CSV), Minister of Finance, during a question on this subject in the Chamber of Deputies. Taxation increased from 10 to 20% in 2017. “Interest rates were low then,” recalled the government member. As the holders benefited from almost zero remuneration, the amount taken by the State was very low.
But with the return of inflation, “small savers are receiving interest again,” said MP André Bauler (DP), who launched the debate. According to him, this high taxation primarily affects small incomes: “Those who own capital have other ways of making their money grow,” he told the House. He highlighted an injustice with “taxation on dividends of less than 15%”. Gilles Roth recognized the need for “a balance” between capital and labor income.
On the other hand, he said he was “open” on the question of the lump sum amount. It is currently set at 250 euros per taxpayer and per bank, this income being exempt from taxation. But the threshold “has not changed since 2005, despite inflation,” laments André Bauler. An adaptation is one of “the possible avenues” mentioned by the minister, without promise at this stage.
The issue also concerns state tax revenue. At the time of the new rule, in 2017, the taxation of interest on savings accounts brought only 20 million euros into the coffers. Over the first ten months of 2024, the sum increased to… 148 million euros.
