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Other Newsletters
01 June 2014

The French tax administration recently published the guidelines on the newly introduced taxation on high remunerations.

As a substitute to the 75% personal income highest tax tranche that was invalidated last year by the constitutional court, the finance bill for 2014 introduced a specific contribution to be paid by the employers on the portion of remunerations exceeding 1.000.000 Euros.

This contribution is temporary and shall apply on remunerations paid in the calendar years 2013 and 2014. The tax amounts to 50% of the remuneration exceeding 1.000.000 Euros for each beneficiary.

 

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