Social taxes - CSG CRDS - social contributions - Substitution revenues

Altexis is an independent law firm specialized in tax advice to French and foreign companies in diverse industries and services sectors. Altexis also advises selected individuals with respect of estate management, cross border personal income tax issues, French wealth tax and French driven individual’s tax audits.

SUBSTITUTION REVENUES

This chapter is not exhaustive and is limited to broadly outline the tax consequences of the main events occurring when doing business in France. It does not constitute a tax advice or a client - attorney relationship. Materials are not suitable for tax analysis. Visitors are invited to consult a tax lawyer before taking any decision.

Except if specifically listed, pensions, life annuity and all benefits are subject to CSG and CRDS. 95% of these gross revenues suffer CSG at a rate of 6.2% (6.6% as of January 1st, 2005) and CRDS at a rate of 0.5%. 5.1% of CSG only is deductible for income tax purposes. CRDS is non tax deductible.

Foreign source benefits, pensions and life annuity are subject to CSG and CRDS if the beneficiary falls within the scope of the social taxes (check "who is taxable ?"). CSG and CRDS are withheld by the debtor of the revenues when paid.

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30/03/2012 - Europe – Customs - Extension of the common transit procedure and the simplification of formalities in trade of goods to Croatia and Turkey
Following a decision of the Council of the EU, Croatia and Turkey are invited to accede to the Convention of 20 May 1987 on common transit procedure and the Convention of 20 May 1987 on the simplifica (...)

06/02/2012 - TRUST - DISCLOSURE OBLIGATIONS OF THE TRUSTEE
A very recent ruling issued by the French tax authorities on December, 23d, 2011(N° 2011/37), specified the details of the disclosure obligations by a trustee. These disclosure obligations are require (...)

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