BUDGET 2021. The finance bill has been finally adopted by the Parliament in December. We made the point on you.
Summary Tax Donations Act Pinel and PTZ IR-SME My Premium rénov’ APL Malus auto paternity Leave Retirement Tax on the companies
After intense sessions of debate in Parliament, the budget 2021 has been adopted in the national Assembly. Upset by the health crisis of the coronavirus, the finance bill includes the extension of the emergency aid to the sectors most affected, such as the solidarity fund and the part-time unemployment. It also contains the famous recovery plan. Despite this last, this budget bill was subjected to the criticism of the opposition, which denounces a budget “dead-born”, because based on economic assumptions that are “more sustainable”, because of the second containment. Among the measures criticized figure in particular, lower taxes for production companies, “in the absence of any consideration of economic or social”. The majority was finally adopted as an amendment in this sense. It requires companies with more than 50 employees to improve their “performance” in the field “ecological, gender and governance”, with various indicators. After a recession expected to be 11% of GDP in 2020, the draft finance law is now forecasting an economic rebound of 6% of GDP in 2021, a deficit of 8.5% and a debt which flies out to 122,4% of GDP. For its part, the Bank of France estimated that the GDP rebondirait instead of 5% next year. But what are the measures that relate concretely to the household next year ? My Premium Rénov’, tax on the income, ELL… We make the point on what will change the budget 2021 for you.
That said, the budget 2021 tax ?
Should we expect changes to the income tax ?
The schedule of the income tax did not evolve in depth. “There is always a refresh of the schedule, as a each year, to take account of inflation, but no new tranche or increase or decrease,” had said the deputy minister in the public accounts, Olivier Dussopt with Moneyvox. As a reminder, the schedule had been revised last year in a decline for low-income households. Here, for illustrative purposes, the schedule which shall apply from 1 January 2021 :
Slices of annual income Rate applicable to up to 10 084 € 0% 10 085 € 25 710 € 11% 25 711 € to 73 516 euros 30% 73 517 € 158 122 € 41% from 158 123 € 45%
What about the withholding at the source ?
The withholding to the specific source that is applied to non-residents earning income from sources in French is maintained. Here is the schedule that will apply on earned income (salaries, pensions, lifetime pension from French source) :
Up to 15 018 euros : 0% From 15 018 € 43 563 euro : 12% beyond 43 563 euro : 20%
Attention, the income of a different nature than those previously cited, themselves, will be taxed at 20% from the first euro, then 30% from 27 520 euros.
Who will benefit from a reduction of its tax in 2021 ?
the reform of The housing tax continues next year. In 2018 and 2019, the homes, the more modest were able to benefit from a tax reduction (30% and 65%), before being granted a full exemption this year. Here, for illustrative purposes, the thresholds of income tax reference not to exceed to be concerned :
1 part : 27 706 € 1,5 part : 35 915 € 2 units : 44 124 € 2,5 units : 50 281 € 3 units : 56 438 € 3,5 units : 62 595 €
By 2021, this will now be the turn of the tax households are considered wealthy in the eyes of the tax authorities to benefit from a tax reduction of 30%. In 2022, the reduction will reach 65%. In 2023, the tax will be finally abolished for all taxpayers. Attention : this disappearance does not relate to the tax on primary residences. The owners of a secondary residence, a parking space and a garage remain fully liable to pay the local tax on those goods.
do You have a question on the reform of the housing tax ? See our dedicated folder, without further ado :
See the file
Will you still have to pay the property tax this year ? All that changes
The TV licence, won’t it pick up again ?
The finance bill 2021 does not index the contribution to the audiovisual sector on inflation. As a reminder, the budget 2020 had led to reduce the television licence fee of one euro to 138 euro. As a reminder, taxpayers are liable for this tax must pay, at the same time as the housing tax, so in mid-November in the year 2020.
What tax loopholes will disappear in the next year ?
The State continues its hunt for small taxes, and other tax shelters unprofitable for his funds. Among them, the tax burial st&e
