As part of the new austerity measures announced yesterday, the rate of the “Prélèvement” tax will be increased from 19-24% (37.5% with the social security contributions) as of 1st January 2012. This will only apply to interest and dividends and bond income, but will not apply to life assurance, which applies different thresholds.
Prélèvement Tax in France – Law Change
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Disclaimer: The information in the above article concerning taxation is based upon our understanding of the taxation laws and practises in France at the time of writing. These taxation rules are subject to change and as such, Kentingtons cannot be held responsible for any inaccuracies that may occur. The information in this article does not constitute personal advice. Individuals should seek personalised advice in relation to their own situation.