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France Publishes 2012 Tax Report

Monday, 08 July 2013   (0 Comments)
Posted by: Author: Ulrika Lomas
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Author: Ulrika Lomas

The French Directorate General for Public Finances (DGFiP) has published its 2012 activity report, highlighting key revenue figures for last year.

In 2012, 18.1 million taxpayers were subject to tax in France, of a total 36.4 million taxable households, while 5 million companies were subject to value-added tax (VAT), and 1.8 million enterprises were subject to corporation tax (IS).

Last year, the DGFiP collected EUR65.5bn (USD84bn) from income tax, EUR19.4bn from dwelling tax, EUR34.6bn from land tax, EUR3.29bn from the country's public audiovisual contribution, and EUR5bn from the solidarity tax on wealth (ISF), following 290,065 ISF declarations.

Furthermore, VAT revenues stood at EUR173.3bn last year, income from corporation tax reached EUR58.6bn, revenue from wage taxes stood at EUR11.9bn, income from the contribution on the value added by a company (CVAE) reached EUR14.7bn, revenue from the corporate land tax contribution (CFE) stood at EUR9bn, and income from registration duties reached EUR27.2bn.

Increased efforts to clamp down on tax evasion were successful. Last year, over 1.5 million tax audits were carried out, and a total of EUR18.1bn was recovered in taxes and penalties, up 10 percent compared to 2011. Around 16,200 tax audits involved the most serious tax offences, generating additional revenues for the state of EUR6.14bn, of which EUR2.48bn was derived from penalties.

In addition, the DGFiP was actively involved in providing administrative assistance to other states, to combat international tax evasion, and increased its resources for identifying undeclared assets held abroad. In 2012, 108,833 taxpayers declared that they held bank accounts abroad, compared to 79,680 in 2011.

Underlining its continued efforts to facilitate procedures for taxpayers and to move towards a paperless reporting and payment system in future, the DGFiP points out that new services were made available to individuals in France in 2012, including the possibility of filing income tax returns and making tax payments via a smartphone.

According to the report, a third of taxable households elected to declare their 2011 income online last year, while 90 percent of professionals settled their value-added tax (VAT) and corporate tax bills electronically, and over 80,000 tax payments were made via a smartphone.



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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