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France Publishes 2011 Tax Figures

Tuesday, 23 April 2013   (0 Comments)
Posted by: Author: Ulrika Lomas
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Source: Ulrika Lomas

France's Directorate General of Public Finances (DGFiP) has recently published its 2011 activity report, providing details of state revenue collection in 2011.

The DGFiP highlights the "intense legislative activity" in 2011, due notably to the reform of the country's solidarity tax on wealth (ISF), and to the various tax measures implemented, to redress the public finances. The DGFiP notes that 196 legislative articles pertaining to taxation were introduced in 2011, and that 4,000 amendments were examined during the course of the year. Furthermore, ten regulatory texts and 30 tax instructions were published in 2011, the authorities state.

In its activity report, the DGFiP explains that it collected over EUR58.5bn (USD76.4bn) in individual income tax (IR) in 2011, from 36.9 million taxable households. That year, the DGFiP issued over 30 million advice notices for dwelling tax and 29.7 million advice notices for land tax, totalling EUR18.9bn and EUR33.4bn in owed taxes respectively.

Alluding to the 2011 ISF tax reform, which raised the threshold for application of the levy from EUR800,000 to EUR1.3m and simplified the reporting system, the DGFiP reveals that it dealt with almost 292,000 ISF declarations in 2011, and collected EUR4.3bn in ISF revenue. In contrast, 593,878 ISF declarations were received and EUR4.46bn collected the previous year, before the ISF reform entered into force. Given that the Socialist Government decided to overturn former President Nicolas Sarkozy's controversial ISF reform, revenues from wealth tax are expected to rise again from 2013.

The DGFiP recovered EUR168.1bn from value-added tax (VAT) and EUR54.7bn from corporation tax (IS) in 2011. The authorities collected EUR11.6bn from taxes on wages. According to the authorities, almost 4.8 million companies in France were subject to VAT in 2011, while 1.7 million were subject to corporation tax. The DGFiP also dealt with demands requesting the reimbursement of VAT credit (amounting to EUR46.8bn in 2011) and for the reimbursement of overpayments of IS (totalling EUR13.9bn).

Finally, the DGFiP analysed acts and declarations relating to the sale and transfer of property, as well as to donations and inheritances. In 2011, the authorities collected EUR25.9bn from registration and transfer duties, and EUR5.8bn from levies imposed on income from movable capital.



Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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