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As the end of the year approaches, French taxpayers often face various tax-related obligations. Among them, an important step must be taken quickly to avoid penalties and sanctions.
Some types of taxes
In France, the tax system is complex and relies on a variety of taxes intended to finance public spending. These taxes are divided into several types, depending on their nature and their purpose.
In general, taxes are compulsory levies made by the state or local authorities to finance public expenditure. They differ from social contributions, which are compulsory contributions aimed at financing social protection.
Among the compulsory levies that French taxpayers must pay, there is income taxes. They represent approximately 7.4% of compulsory deductions, and their amount is calculated on the entire income received by a tax household.
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Apart from these, French taxpayers must also pay to local authorities what we call property tax. In addition, there are also taxes to pay for real estate transactions. Additionally, employers must pay payroll tax.
Housing tax: local taxes
Property owners must also pay housing tax. The amount of this tax varies depending on the characteristics of the housing, their location and the situation of the occupants, in particular their income and the composition of the household.
As a reminder, the government has abolished the housing tax on the main residence since January 1, 2023. However, it remains in force for second homes.
For information, this type of tax represents approximately 0.5% of compulsory contributions. It applies in particular to furnished premises and their outbuildings and concerns all owners.
This major step to be taken before the end of the year
Speaking of housing tax, it is important to note that all taxpayers must pay it as soon as possible. The tax authorities are indeed preparing to open a new page for next year's taxes, which involves closing the 2024 accounts.
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In any case, the taxpayers concerned must do so before December 21, 2024 at midnight. Otherwise, they will receive penalties and sanctions.
Normally, each household affected by this tax should have received a tax notice last November. The deadlines for payment of these taxes are December 15 and 21.
“The payment deadline is December 15 at midnight if you do not use an electronic payment method; December 21 at midnight in case of electronic payment. If you have opted for direct debit, it will be made to your bank account from December 27 »indicates the official website of the French administration.
Taxpayers who do not pay their housing tax on time will be fined a penalty of 10%, applicable within 45 days following the date of collection. This measure aims to encourage timely payments and ensure the smooth functioning of local public services.
