What are the reporting obligations for non-French residents?
Even non-French residents could be subject to reporting obligations in France. Below is a brief recap of the different reporting requirements and deadlines.
When is French annual income tax return due?
The 2022 French income tax return, reporting income and capital gains for the period from 1st January 2022 to 31st December 2022, is due for filling by 25 May 2023 for non-residents.
When is French property owners' declaration due?
If you own a property in France, your French occupancy declaration is due by 30th June 2023.
French Property Wealth Tax (IFI)
If you are non-resident and did not receive any French income in 2022, you may still be required to file a tax return if you are liable to IFI.
You will be liable if your household’s French net real estate assets are worth €1.3 million or more as of 1st January 2023.
If you would like to know more about IFI deductions and exemptions, please follow this link: Deductions and exemptions from French Property Wealth Tax | RWK Goodman
What are the reporting obligations for trusts in France?
Please note that, where a trust has a connection with France, for example when the settlor, trustee, or trust’s beneficiaries are French residents or if the trust owns French assets, reporting obligations apply. Notably, trustees ought to file an annual return by 15th June reporting the value of the trust’s assets as of 1 January 2023. A €20,000 penalty may be charged if you fail to comply.
Please click here to find out more: What is the French legislation on trusts and what are the reporting obligations? | RWK Goodman
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