France implemented in 2019 a wage tax withholding system applicable to all French tax resident employees, employed either by French or foreign companies. Such wage tax withholding system includes a monthly declaration through a special process for employees who are not affiliated to the French social security system, called the PASRAU. This mechanism involves a […]
5 things foreign employers should know about the French inbound expatriate regime
The inbound expatriates tax regime as provided for by Article 155 B of the French tax Code is one of the most efficient tax exemption mechanisms currently in force under French tax law. Beneficiaries of such regime who transfer their tax residence to France are allowed to reduce their taxable professional income up to 50% […]
France has been suffering for many years from a bad reputation when it comes to the level of taxation of French residents, unlike Belgium or Luxemburg. Looking a bit further, one may realize that the French personal income tax system results in a lower taxation on professional income than the ones of most of European […]
FOREWORD BY EDITOR, ANDREW CHILVERS What are the consequences for a business when an employee works from home on a semi-permanent basis, transferring their residence to another country? In France, when employees decide to live and work in two different states, putting in place payroll in compliance with French and EU regulations and integrating this […]
Employees hired in France or posted to France from abroad may be exempt from contributing to French pension schemes due to France’s effort to transform economic growth and aid businesses. The new ‘PACTE’ (Action Plan for Business Growth and Transformation) law adopted in April 2019 includes a specific exemption of pension contributions for inbound expatriates […]
Exploring PAYE: How the New French Income Tax System will Impact Foreign Employers
France’s new Pay as You Earn (PAYE) tax system will have implications for foreign employers, including, in some cases, the appointment of an accredited tax representative in France. The PAYE system went live on January 1st 2019 and is designed to compel employers to withhold income tax from their employees’ taxable salaries and pay it […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Stéphanie Le Men-Tenailleau of GALAHAD cabinet d’avocats. Stéphanie has joined IR as our exclusive Employee Benefits & Executive Compensation Member in France. Galahad is a newly created niche firm dedicated to Compensation & Benefits and International Assignments. The team managed by Stéphanie Le Men-Tenailleau […]
