Taxation in France

Supplementary property tax threshold likely to be raised

The adjustment of the property prices used for tax purposes (known as "objective values") and the creditors' strong opposition to government plans to shift the tax burden from owners of small properties to those with large properties is opening the door to a reduction of the burden on those with assets worth over 200,000 euros.

July budget targets missed as taxpayers fail to pay first installment

Finance Ministry data released on Thursday confirm there is a black hole in state revenues for the month of July, mainly due to a large number of people not having paid the first installment of their additional income tax.

Net revenues for July amounted to 4.931 billion euros - 756 million below the target set in the medium-term program for 2018-21.

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