Prélèvement Tax in France – Law Change

Prélèvement Tax in France – Law Change

by | Nov 8, 2011

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.