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Taxpayers who have not opted for the monthly installment plan must pay their first installment of French Income Tax on or before Monday, February 15. This payment will be equal to one third of the tax for the previous year. A review from the tax collection service will inform you of the amount to be paid. A second installment is scheduled in May (the balance will be collected between September and November)third will be provisionally paid by those taxpayers in the 15 later

Make a simulation of your French Income Tax for 2010 and check your installement computation

WHO IS REQUIRED TO PAY THE INSTALLMENT OF February 15th ?

Taxpayers living in France who have not opted for the monthly installment plan must pay the first installement if their income tax for the previous year was higher than 337 €.

Notes: No deposit is payable if, for any reason, the taxpayer was not included in the roles of income tax under the previous year. However, a taxpayer whose income tax related to income from the previous year will be was assessed between 1er January and April 15 this year and will have to make a payment by May 15 equal to 60% of the contribution of reference.

INSTALLMENT AMOUNT

Subject to the waiver or reduction of payments, the amount of each installment is equal to one third of contributions charged to the taxpayer in the role of the previous year.

The provisional payments made to the current year are calculated on the basis of taxation for the previous year, including tax adjusments (if any).

WAIVER OR REDUCTION OF INSTALLMENT

Taxpayers who believe their French Income tax to be paid during the current year will be lower than the one of the previous year can recalculate their payments based on the presumed amount they have assessed.

This includes all taxpayers whose income decreased or whose family quotient increased.

The taxpayer may reduce his payments in order to pay only the 2 / 3 of future income taxe. In this regard, it may limit the amount of each installment in 1 / 3 of the income taxa assessed.

FAILURE OF PAYMENT

In cas of reduction installments, the payment shortfalls are sanctioned by a penalty of 10% by the mechanism outlined below.

To determine if the additional 10% is applicable, the administration recalculated the amount the taxpayer would have paid for each installment. If payments are actually made less than this amount, the surcharge is applied, the administration tolerates however margin of error of 1/10.

Where the taxpayer reduces the amount of each of its installments to 1/3 of future income taxe and that the margin of 1/10 is exceeded, the surcharge will be calculated for each installment, the difference between the third of the actual Income Tax will be effectively assessed and the amounts paid under the installment regarded within the legal deadline. It follows that, given the margin of error allowed, the additional 10% is not liquidated if the taxpayer has paid in legal time limits under each installment, an amount at least equal to 3/10 of the tax assessed.

PAYMENT OF DEPOSIT

The first payment of income tax must be paid on Monday, February 15 at the latest.

The deposit must be paid to the tax collector in charge i.e. the one who holds the roles of the previous year. This is so even if the taxpayer has moved to a different address.

When the amount of the deposit exceeds € 50 000, payment must necessarily be made by bank transfer made directly to the deadline for payment on the Treasury's current account at the Bank of France. Using another method of payment results in the application of an increase of 0.2% of amounts due. When the amount of deposit does not exceed this threshold 50 000 €, taxpayers can make their own rules:

- Either by traditional means of payment (cash, check, credit card, tip ...);

- By direct debit option exercised on or before February 15;

- Either on line payment option exercised on or before February 20.

In the last two cases (debit and online payment), the deposit will be charged on February 25.