This Monday, November 25, a significant tax deduction takes place on the bank accounts of many taxpayers. Here are the French who must prepare to avoid bank charges and penalties.
As the end-of-year holidays approach, many French people have their eyes glued to their bank accounts: their Christmas budget is tight and their expenses are limited. Unfortunately, some are not at the end of their (bad) surprises. An unexpected event could actually disrupt some French households: a tax collection is made this Monday, November 25 by the General Directorate of Public Finances (DGFiP).
This third tax levy is part of the regularization of income taxes 2023 for taxpayers whose withholding taxes were insufficient. But who is affected? Only the taxpayers with a tax balance greater than 300 eurosmentioned in their tax notice, are covered by this levy.
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What is the amount of the levy?
Amounts below the threshold of 300 euros were already paid in September. For others, this sample is the third in a series of fourafter those carried out on September 26 and October 25. The last one will take place on December 27. The remaining amount is automatically debited from the bank account provided to the tax administration. It is clearly identifiable on the statement under the mention “income tax balance 2023”followed by an invoice number.
According to CapitallThe average amount of catch-up levies for 9.8 million tax households is around 2,127 eurosi.e. a significant charge spread over four deadlines. In November, the average withdrawal reached 532 euros. This catch-up mainly results from undervalued withholding taxes or excessively high advances on tax credits collected at the start of the year. These adjustments allow the administration to fill the gaps between the amounts paid and the final amount due.
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Beware of bank charges and penalties!
An insufficiently funded account may result in bank chargesgenerally around 20 euros, in the event of direct debit rejection. Even more problematic, a penalty of 10% applies to the amount remaining due if the taxpayer does not quickly regularize his situation. In this case, the tax administration sends a letter to inform of the incident and offers alternatives: payment by transfer, check or bank card directly to the Public Finance Center.
To avoid any unforeseen events, the DGFiP recommends regularly check your bank details and ensure that the necessary funds are available. If your personal or financial situation has changed (marriage, birth, promotion, retirement), it is advisable to update your information via the online service “Manage my withholding tax”. This will allowadjust your withdrawals and avoid another catch-up next year. Finally, in the event of financial difficulty, a request for additional time can be sent free of charge to the tax services.
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