Savings: how to get an income tax exemption?

Posted on Oct 31, 2021 at 10:00 AMUpdated Oct 31, 2021, 10:05 AM

When do the French pay income tax? Good students will answer “a little every month” since the implementation of the withholding tax. This answer is only partially correct. They forget in fact a fiscal subtlety, namely the existence of a non-discharging lump sum.

This deduction means the 12.80% income tax deducted directly from interest, capital gains and other dividends when they are paid into the saver’s bank account. Thus, for example, this tax deposit is made at the very beginning of the year for interest on bank books or home savings.