Finance: 3 Key August Tax Dates in France

August is a crucial month for taxpayers in France, with three major tax deadlines to watch. These dates, related to withholdings, tax notices, and correction possibilities, are key to efficient tax management and compliance with legal obligations.

Key Deadlines for Taxpayers in France

Friday, August 16 is a pivotal date in the French fiscal calendar. This day marks the eighth monthly withholding of the property tax and second home residence tax for taxpayers who have opted for monthly payments. This deadline is part of a cycle of ten deductions spread from January to October, allowing for the distribution of the tax burden over the year.

Simultaneously, August 16 sees the withholding of the eighth monthly installment of income tax for incomes without a third-party collector. This category mainly includes self-employed workers, farmers, and freelancers, who represent about 12% of the active French population according to the latest INSEE data. These taxpayers should be particularly attentive to their cash flow during this period.

The end of August is marked by the issuance of tax notices. Taxpayers owing an income tax balance will receive their notice by August 23 at the latest. On the other hand, beneficiaries of a refund who chose the paper version will receive their notice by August 29. These documents are crucial for verifying the final tax amount and considering any possible tax adjustments.

An Opportunity for Correction until December 4

From July 31 until December 4, taxpayers have the opportunity to correct their online income tax return. This feature, accessible via the personal space on impots.gouv.fr, allows for rectifying any errors or omissions noticed after receiving the tax notice.

It is important to note that some information, such as civil status or family situation, cannot be modified through this channel. For paper returns, a separate claim must be sent to the public finance center before December 31 of the second year following the collection.

In short, August represents a crucial period for tax management. Vigilance is required to meet these critical deadlines and optimize your financial situation.