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The taxation system in Lyon, similar to the rest of France, is complex, encompassing income tax (Impôt sur le revenu), wealth tax (Impôt sur la fortune), corporate tax (Impôt sur les sociétés), value-added tax (VAT or TVA in French), and more. Tax law is primarily governed by the French General Tax Code (Code Général des Impôts), offering taxpayers different rights and obligations. It's significant to understand and adapt to this system for anyone residing, working, or owning a business in Lyon.
You might need a tax lawyer in Lyon for various reasons. These include being charged by the French Internal Revenue Service for tax evasion or fraud, needing assistance with estate planning, starting a new business, or needing to dispute a tax bill or tax audit result. Additionally, a tax lawyer can also help with international tax planning if you're a foreign citizen living or doing business in Lyon.
Lyon follows the French taxation laws, la “fiscalité française”. French tax law includes progressive income tax, which applies on a scale from 0 to 45% based on the income bracket, plus a special contribution on high income, or Contribution Exceptionnelle sur les Hauts Revenus (CEHR). Under the ‘Pacte Dutreil’, there are significant discounts to wealth tax and inheritance tax for shareholders in family-owned firms. There's also corporate tax law where companies may be subject to a standard rate of 28%, reducing to 25% in 2022.
The French tax year follows the calendar year, starting on 1st January and ending on 31st December.
Typically, tax returns in France are filed between mid-April and early June, depending on whether they're paper returns or made online.
Both employers and employees in France are required to pay social security contributions, calculated based on the employee's gross salary. Self-employed people are also subject to social contributions.
Penalties for tax evasion in France are severe, ranging from heavy fines to imprisonment, depending on the amount evaded and the taxpayer's intention.
Yes, France has double taxation agreements with several countries to protect individuals and businesses from being taxed twice on the same income.
The French Tax Administration's (Direction Générale des Finances Publiques) official website is a great resource for all things related to tax law in France. Furthermore, the French government portal (Service Public) provides reliable information on various aspects of taxation. To understand the local taxation system better, reach out to local tax advisors or consultancies such as the French Institute of Chartered Accountants (Ordre des Experts-Comptables).
If you need legal assistance in Tax, start by consulting a specialist in international and French taxation based in Lyon. It's crucial to hire a lawyer who knows both the local and national legislation. Visiting the local tax office (Centre des Finances Publiques) can also provide valuable initial guidance. If you're facing a complex tax situation, it would be wise to hire a tax attorney to protect your interests and find optimal solutions.
