As is the case every year, the tax administration communicates to taxpayers liable for wealth tax (ISF) the dates of declaration and payment deadlines.
As with tax returns, taxpayers paying the wealth tax or ISF must meet deadlines for filing and paying taxes. These deadlines, since January 1, 2017, are different depending on the taxable net worth of the declarant’s assets.
Solidarity tax on wealth concerns taxpayers with wealth exceeding € 1.3 million.
For assets between € 1.3 and € 2.57 million.
The taxable person does not have a specific declaration to be drawn up. He simply deferred the amount of his patrimony on his 2016 income tax return.
For tax returns, the taxpayer has until midnight Wednesday May 17, 2017 to file it and until September 15 to make the payment. Those who report their income via the Internet have additional time limits:
- Tuesday, May 23, 2017 at midnight for Departments 01 to 19 and non-residents;
- Tuesday, May 30, 2017 at midnight for Departments No. 20 to 49;
- And Tuesday, June 6, 2017 at midnight for Departments No. 50 to 974/976.Note: dematerialized payment must be made by 20 September 2017 at the latest.
For assets greater than or equal to € 2.57 million
The person liable for tax on wealth must file his normal or simplified declaration with his annexes and supporting documents not later than 15 June 2017, accompanied by payment by bank check or by bank transfer (on-line payment is not possible).
Note: the tax administration makes available, on its website www.impots.gouv.fr, two notices explaining and recapitulating the methods of declaration and payment of the ISF.
Considering the difficulty and the complexity of the french taxation system, do not hesitate to contact the Cabinet Roche & Cie to get your taxes prepared and benefit from the advices of Tax professionals.
Cabinet Roche & Cie, Chartered Accountant in France.