by jimmy | Nov 25, 2025 | Foreign Accounts
1) General obligations and scope of the “declaration of accounts held abroad” Persons domiciled in France must declare accounts “opened, held, used or closed” abroad; the obligation covers not only account holders but also those who have used the account (even under a...
by jimmy | Jun 25, 2024 | Foreign Accounts
It is perfectly legal to open accounts abroad, in particular through online applications such as Revolut, N26, eToro, Wise or Degiro. However, they must be declared every year to the tax authorities (administration fiscale) using form 3916 – 3916 bis. Box 8UU of...
by jimmy | Jun 25, 2024 | Foreign Accounts
Most financial institutions (traditional banks, online banks, life insurance companies, trading platforms, savings institutions, private pension providers, etc.) in developed countries classify their clients according to their tax residence, in order to automatically...
by jimmy | Oct 29, 2022 | Foreign Accounts
Opening an account abroad is entirely legal. What is far less so is failing to declare it to the French tax authorities (administration fiscale) if you are tax resident in France. You must declare such accounts at the same time as your annual income tax return, using...
by jimmy | Jul 22, 2022 | Foreign Accounts
Yes, subject to exceptions, it is legal to open a bank account abroad. However, you will have to declare it every year to the French tax authorities (administration fiscale). The form to use is form 3916/3916-bis. If the account generates income, a 2047 return must in...
by jimmy | Jul 21, 2022 | Foreign Accounts
As a result of the automatic exchange of banking information, the tax authorities have access to certain information about foreign bank accounts. Every year, foreign banks located in countries that are parties to the international agreement automatically send banking...
