Several tax deadlines arrive in December which affect millions of French people.
Beware of unpleasant surprises! Many French people will have forgotten, but in a few days a nasty note will appear in a few million bank accounts. And maybe even several.Its title: “DGFIP Levy”. With Christmas just a few days away, this is one or more additional expenses that should not be overlooked and included in the end-of-year budget. The sum can be substantial, so be careful not to find yourself in the red as you are in difficulty.
As the month of December isn’t just gifts under the tree and sumptuous family lunches. It is also the month of numerous tax payments. In the last weeks of the year the Treasury Ministry made four separate withdrawals. Thay will have to pay several million taxpayers.
First of all, and this is the main levy that arrives, the directorate General of public Finances will recover at least 75 euros from the accounts of several million French people.this is the final income tax deduction.These are people who owed more than 300 euros to the tax authorities. From this amount, in fact, the payment was divided into four installments, between September and December. The collection will take place on December 27th. When contacted, the DGFiP was unable to indicate the exact number of taxpayers this represents.
Furthermore, just over 3 million French people will have to go to the cash register to pay the Treasury an average bill of 1,000 euros. Home tax will be collected on Saturday 21 December, to be paid by owners of second homes.But that’s not all.
Owners who have a home other than the main one, which is not furnished and whose use they do not declare for the same period (holidays for example), are subject to another tax, higher than the tax on the home : the vacancy tax on housing or the vacancy tax. This is not combined with the traditional home tax. It is indeed independent and must be paid, once again, by December 21st.
How can taxpayers prepare for unexpected tax charges during the holiday season in France?
Time.news Interview: Understanding December Tax Deadlines in France
Interviewer (Time.news Editor): Welcome, and thank you for joining us today. With December looming, numerous tax obligations are on the horizon for French citizens. Can you shed some light on the key tax deadlines that are critical for our readers?
Expert: Absolutely, and thank you for having me. December is indeed a pivotal month for tax payments in France. Starting on December 21st, owners of second homes need to brace themselves for the home tax, which averages around €1,000. Additionally, for those who have unoccupied properties, the vacancy tax is imposed for the same period, and must also be paid by December 21st.
Interviewer: That sounds significant. What should taxpayers be aware of regarding the final income tax deductions arriving in December?
Expert: Great question! On December 27th, the Directorate General of Public Finances, or DGFiP, will make substantial withdrawals from the accounts of millions of taxpayers—specifically those who owe more than €300.The final income tax adjustment is expected to take an average of €75 per affected account, which is a critical consideration for budgeting as we move into the New Year.
Interviewer: As you mentioned budgeting, how can taxpayers manage thes financial obligations effectively while still enjoying the holiday season?
Expert: Prioritizing financial planning is vital. Taxpayers should keep detailed track of their obligations. I recommend reviewing your bank account statements in advance to ensure you have sufficient funds available. This will help avoid any unpleasant surprises as these tax deductions begin to materialize, especially right before holiday expenses.
Interviewer: Can you provide insights on why these tax payments are specifically scheduled for December?
Expert: The timing aligns with the end of the fiscal year in France, ensuring that these financial obligations are settled before January, when manny citizens start the year fresh—often with new financial resolutions. It also allows the Treasury to finalize revenue for the fiscal period and prepare for the upcoming budget year.
Interviewer: That’s very insightful. What advice do you have for those who might be struggling with these unexpected charges?
expert: if someone finds themselves overwhelmed by these unexpected tax bills, it’s essential to communicate with the DGFiP.Options might be available for payment arrangements or deferments. Consulting a financial advisor can also provide guidance tailored to individual circumstances. Most importantly,don’t ignore these bills; proactive communication can lead to better outcomes.
Interviewer: Thank you for sharing those practical tips! Can you summarize what our readers should keep in mind as these deadlines approach?
Expert: Certainly! First, remember the critical deadlines: December 21st for the home and vacancy taxes, and December 27th for final income tax deductions. plan your budget carefully to accommodate these costs, and don’t hesitate to seek help if needed. Awareness and readiness are key to avoiding financial stress during this festive season.
Interviewer: This has been incredibly informative. Thank you for your expertise on navigating December’s tax landscape in France. We hope our readers can approach the upcoming deadlines with confidence!
Expert: My pleasure! Wishing everyone a balanced and prosperous holiday season.