If you declared your income earned last year, so you will soon receive your 2020 income tax notice during the summer. Here are some answers to frequently asked questions.
Despite the introduction of the withholding tax system, you had to declare your 2019 income as well as all the amounts you paid out over that year that entitle you to a tax benefit, be it a credit or a tax reduction, or even a deduction from your overall income.
When will you receive your tax notice?
If you have declared your income online, your tax notice will be available between July 29 and August 31.
If you have still declared your income in paper format, you will receive your tax notice by mail between July 23 and August 31.
And if you have filed online, you will be alerted when your tax notice is available in your personal space between July 29 and August 7.
Can you request a correction to your tax notice?
If you have made a mistake, you will be able to correct the income and expenses on your return in your personal tax space.
When you receive your tax notice, you will be able to see that an error has been made. In this case, you have access to a simple correction service. From the beginning of August to mid-December, you can correct the income and expenses shown on your return in your personal tax space.
Once this service closes in December, you will have to send a tax claim, also through your tax space.
How will the balance be deducted or how will the overpayment be refunded?
Your tax notice will tell you the amount of the refund you are entitled to or, alternatively, the balance of the tax you still have to pay.
Your tax notice will tell you the amount of tax resulting from the items you have just reported, whether they are income or expense items that qualify for a tax benefit. It then indicates the balance to be paid or refunded to you, i.e. the amount resulting from the tax minus the withholding taxes for 2019 and the tax credit advance that may have been paid to you in mid-January of that year.
If your tax notice indicates that you are entitled to a refund, it will be credited to you at the end of July.
Conversely, if your notice indicates a balance owing, it will be due in September 2020. If the outstanding amount is more than €300, it will be debited in 4 instalments from September to December 2020. If the amount is less than €300, it will be debited once in September. These amounts will be deducted automatically by the tax authorities from the bank account you use for your taxes.
The dates of the deductions will be specified on your tax notice.
Cabinet Roche & Cie, English speaking accountant in Lyon, France.
Specialist in Real-Estate and Non-resident taxation.