by jimmy | Jul 21, 2022 | Foreign Accounts
It is very simple: there is an international agreement that requires foreign banks to send the French tax authorities, every year, banking information about their French clients. This agreement does not cover every country in the world, but it does cover a good many...
by jimmy | Jun 7, 2022 | Foreign Accounts
Obligations, Returns, Regularisation, Risks and Penalties The obligation to declare foreign accounts has existed for a long time. Income from accounts opened, held, used or closed abroad is, moreover, in principle taxable in France. However, the obligations associated...
by jimmy | Mar 7, 2022 | Foreign Accounts
The publication of the Circular of 21 June 2013 marked the start of the fight against tax fraud, an effort that continues to intensify. At present, more and more countries transmit a large amount of banking information to the French tax authorities every year: account...
by jimmy | Oct 29, 2021 | Foreign Accounts
Have you received a letter from the tax authorities concerning bank accounts located in Portugal? If you hold one or more undeclared foreign accounts in Portugal, this guide written by our tax law firm will give you a comprehensive overview of the tax issues at stake...
by jimmy | Feb 22, 2021 | Foreign Accounts
The return must be filed every year at the same time as the income tax return. It is made on form 3916-3916-bis (on plain paper for years prior to 2020), attached to the income tax return, and must state for each policy: – the identification of the...
by jimmy | Nov 20, 2020 | Foreign Accounts
Accounts opened, held, used or closed abroad during the year concerned must be declared at the same time as taxable income. Because of the agreements on banking information that allow the tax authorities to collect banking information on French tax residents, some...
