Useful Information
General
| Currency | Euro (€) |
| Capital city | Paris |
| Language | French |
| Time zone | GMT + 1 |
| Electricity | 230V / 50Hz |
| Fiscal year | 1st Jan - 31st Dec |
| Telephone code | + 33 |
| Internet code | .fr |
| Lowest point | Rhone River delta (-2m) |
| Highest point | Mont Blanc (4,807m) |
| Approx. area | 248,428 square miles |
Tax
Residents of France pay tax on their worldwide income. Non residents pay tax only on French sourced income. Tax treaties with other countries ensure that the same income will not be taxed twice in relation to those other countries.
The rates rise to 30% at €25,926 and 40% over €69,505. The amount of tax paid relates to the number of dependant children (The Family Coefficient Rule).
There is no PAYE system in France so individuals are responsible for paying over their own tax to the authorities.
Deductions
Flat rate 10% in lieu of expenses (maximum €13,893).
A proportion of social security contributions.
Other costs such as pension contributions.
Social Security
A flat social tax comprising a social contribution (CSG) and defecit reduction charge (CRDS) is levied at 8%.
In addition social security contributions are required to the pensions and health care schemes. The rates are dependant on income but are approximately 8% employee and 13% employer.
Healthcare
Only a proportion of the cost of treatment will be refunded so most individuals take out an additional insurance to cover the remaining 30%.
Liberty Bishop
Unit A1, Basepoint Business & Innovation Centre, 110 Butterfield, Great Marlings, Luton, Bedfordshire, LU2 8DL
