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France
Overview
Last reviewed - 18 March 2024France is a founding member of the European Union (EU) and a member of the G7, G20, Organisation for Economic Co-operation and Development (OECD), and World Trade Organization (WTO). It is divided into 12 metropolitan regions, with Paris as the capital. The official language of France is French, and the currency is the euro (EUR).
The French government still maintains a strong presence in some sectors, particularly power, public transport, and aerospace and defence industries. With at least 89 million foreign tourists per year, France is the most visited country in the world.
PwC has developed expertise in France in audit, accounting, and consultancy for businesses of all sizes, in public and private sectors. PwC and PwC Société d’Avocats, its correspondent law firm, have over 6,000 professionals in 14 offices in France. PwC Société d’Avocats offers a multidisciplinary response capacity by mobilising teams of lawyers and professional specialists in taxation, business law, and employment law to provide services in the following areas:
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Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
25 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
Regarding FYs which end on 31 December, by end of May of the following year. |
| CIT final payment due date |
Regarding FYs which end on 31 December, on 15 May of the following year. |
| CIT estimated payment due dates |
By way of four instalments (i.e. which have to be filed and paid on 15 March, 15 June, 15 September, and 15 December for FYs which end on 31 December). |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
45, plus surtax and social surcharges |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
Mid-May |
| PIT final payment due date |
15 September |
| PIT estimated payment due dates |
Two instalments (15 February and 15 May) or monthly instalments (15th day of each month from January to October inclusive). |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
Turnover tax: 20 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: NA; Non-resident (companies): 25 / 0 / 25 Non-resident (individuals): 12.8 / 0 / 25 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate. |
| Headline individual capital gains tax rate (%) |
30, plus exceptional income tax for high earners at 4% |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
1.5 |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
60 |
| Headline gift tax rate (%) |
60 |
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