by Stéphane GOMBAULD, Tax expert, DoYourTax
Tax - Impôts - Return - Credits
Since January 1st, 2019, the French tax residents pay their taxes under a withholding tax system, or in simple terms, a pay-as-you-earn basis (PAYE).
The calculation of the income tax that you already paid is no longer based on your 2020 declaration, but on an estimation made by the tax administration, without reduction or abatement. Your declaration in 2020 will come to adjust the amount paid.
Therefore, for the taxpayers, the stake of this tax period is to carefully filing their French tax return and make sure to get the best refund, according to their situation.
Are you prepared to perform this exercise in 2020? What do you need to know to file your French tax return properly? Do you even need to fill out a French tax return in your specific situation?
Here is a guide to understand the basic implications of the tax return fil…