If pay little or no income tax you will be worse off, although it is possible to opt out of the flat tax if that is the case.Ĭoupled with these changes there has also been a change concerning the imposition of social charges, which will affect expatriate households. Inevitably, the main winners are higher rate taxpayers - those whose marginal rate of income tax is at least 30%. In practice, there is an element of plus ça change about the new measure as it will not make a significant, if any, difference to most households.
The aim is to simplify and reduce the level of taxation on capital income, which was previously taxed through standard income tax scale rates, the social charges, and capital gains tax.
Since January 2018 a single rate ‘flat tax’ has been in place for savings interest, dividends and the sale of shares. Taxation of Savings Interest and Investment Income
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