Financial income: make the right choice!

● The flat tax of 30% is optional From January 2018, your financial income and capital gains on securities are subject to a "flat tax" of 30%, which includes

Financial income: make the right choice!
● The flat tax of 30% is optional

From January 2018, your financial income and capital gains on securities are subject to a "flat tax" of 30%, which includes the 12.8% tax on income, and 17.2% in social security taxes. But you can, in filing your return, choose to submit these revenues to the tax rate. The option may be exercised by ticking the box 2OP. The tax levied at source on your interest and dividends will then be deducted from the final tax of your household, and any surplus will be refunded to you. Attention, the option is global for all of your investment income and your capital gains. You can decide each year to exercise it or not. If you do not, your income will automatically remain subject to the flat tax.

" READ ALSO - Surprise: a majority of the French would be in favour of the flat tax on the income

● How to decide whether or not to opt for the flat tax?

A priori, the flat-rate tax of 12.8% is more interesting than the progressive scale of income tax, ...

Updated Date: 04 May 2019, 00:00

Kathleen Lees

Lees


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