Companies were reminded of the property tax payment deadlines for both built-up and non-built-up properties, due by October 15. Payments under 300 euros can be made via various methods, while larger sums necessitate direct debit or online payment. The article highlights exemption requests for withholding tax on income, with a deadline of November 30. It also outlines the procedure for modifying tax returns, which can be adjusted until December 4.
Businesses subject to property tax on built-up (TFPB) and non-built-up properties (TFPNB) were required to settle their property tax by October 15. Payments could be made through bank transfer, cash, cheque, or the Titre interbancaire de Paiement (TIP SEPA) for amounts under 300 euros. For payments exceeding this limit, the only accepted methods are monthly direct debit or online payment via the ‘impots.gouv’ website to avoid a 0.2% surcharge. It’s important to highlight that those opting for online payment—be it direct payment, direct debit, or monthly installments—have until midnight on Sunday, October 20. Additionally, tax payments can also be made through the ‘impots.gouv’ app, available for download on both Playstore and the App Store.
The deadlines of November 15 and December 16 signify the bonus monthly property tax payments. Taxpayers can choose to pay this tax in installments, which can be beneficial in times of financial urgency. To do so, you may enroll in a monthly direct debit plan where payments are deducted on the 15th of each month, from mid-January to mid-October. However, be cautious: if the annual tax increases, additional payments will continue with an 11th installment on November 15, and potentially a 12th on December 16.
November 30: Last Day to Submit Exemption Requests for Interest and Dividend Tax Levy
November 30 marks the final opportunity to submit requests for exemption from the mandatory 12.8% flat-rate withholding tax on income from interest and dividends. According to the guidance on ‘impots.gouv’, exemptions are available if your reference tax income for the year N-2 was under 25,000 euros for individuals or 50,000 euros for couples. Similarly, this exemption applies to dividends if your income was below 50,000 euros for single filers or 75,000 euros for couples in the year before last. To obtain this exemption, you must provide a sworn statement to your financial institution by Saturday, November 30, 2024, to avoid advance payments on your 2025 interest.
The end of November also brings changes to the withholding tax rate. Individuals can request an adjustment to their withholding tax rate through their personal account on ‘impots.gouv’ by reporting any changes in income, marital status, or other significant life events. A new request for modification needs to be submitted at the end of the year, starting from late November 2024, only if you anticipate your income will either remain lower or increase after January 1, 2025.
December 4: Deadline for Correcting Your 2024 Tax Return
During the open period for online tax returns, French taxpayers may correct their filings at any time, including after submission. However, it is best to make adjustments before the deadline. Any corrections submitted post-deadline will be considered late, resulting in a new tax notice that will arrive outside the usual timelines.
When the correction service is available, you can modify your return until December 4, 2024. Simply log into your personal account, select the ‘Access online correction’ option, and update any incorrect information before confirming. A revised tax notice will be issued once your corrections are processed.