1989 - 2018 29 years in business Saturday, 20th January 2018

France’s Government Wants Deduction at Source


Dear Clients, 

 

The French Government has announced that it intends to work towards the

Introduction of a system to deduct income tax at source

 

France already employs deduction at source for social security contributions,

but similar scheme for income tax has never been properly addressed, in spite

of first the proposal being mooted as long as the 1960’s.

 

The matter has now been firmly out on the agenda, according to government

Spokesperson Stephane le Foll, who has said that work, will begin immediately,

The Government will introduce digital solutions to reduce the burden on companies

Of compliance, He confirmed that there is currently no intention to merge income

tax with social security

 

Le Foll stressed that action will betaken only after a full review of the reform’s impact

To ensure taxpayers do not face a higher burden.

 

Should you require further clarification, please do not hesitate to contact us at:

info@cardwell-capital.com

 

Kind Regards

Cardwell Advisory Desk

 

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