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 tax loopholes will disappear in the next year ?
The State continues its hunt for small taxes, and other tax shelters unprofitable for his funds. Seven small taxes and two tax shelters are in the viewfinder of Bercy, reports The Echo. Here are a few examples of the devices referred :
‘ general Tax on polluting activities (GTPA) as applied to oils and lubricating preparations Tax on the riverboat casinos Tax that is assigned to the CNC related to the production of content for adult Fee on the radio frequencies used by truck drivers
In total, 150 million euros of small fees are covered according to the newspaper. According to the information of Capital.fr, taxes, funeral, as well as the contribution on the sales of food products by the establishments of lodging or food, and the tax on the conversion of the life insurance contracts being contracts euro-growth, are in the viewfinder of the general rapporteur of the Budget.
What will become of the law Pinel, and the interest-free loan (PTZ) in 2021 ?
The device tax under the act Pinel expires December 31, 2021. Emmanuel Wargon, minister in charge of Housing, has already expressed its intention to extend it to a year, so until 2022. Same sound of bell on the side of the rapporteur general of the Budget, the member LREM Laurent Saint-Martin. “I am in favour of the fiscal stability to at least the time of exit from the crisis, and it takes 2 years”, he thus said with Moneyvox.
at the present time, the device Pinel allows people who purchase a home between September 1, 2014 and December 31, 2021, to benefit from a tax reduction. The latter is calculated based on the purchase price of the property and the length of commitment rental.
As for the law Pinel, the executive plans to extend it. The loan to zero rate has already been renewed for four years, until December 31, 2021. This device is an advance granted by the State, of which you will have to repay the amount without having to pay interest. As a reminder, the interest-free loan may not finance the entirety of your real estate purchase. You must complete it with another loan, as the loan agreement, the 1% housing loan, the loan homeownership or bank loan for example. Its perimeter was initially expected to be truncated at January 1, 2020, but the Parliament has finally decided to cancel this decision. The loan zero interest will therefore continue to benefit in the rural areas (zones B2 and C more precisely).
Monday, 28 September, the government announced that the future of the PTZ and the device Pinel is not yet fixed in detail and will be the subject of a debate in Parliament. “The objective is to move by way of amendment during the parliamentary debate, explained the firm, Ms. Wargon during a presentation of the housing budget, stating that it was conducting a “consultation” with the sector to revise the perimeters of these two aids, reports AFP.
What will become of the premium to the conversion in 2021 ?
The minister of Economy has informed in the beginning of September : it will be renewed but reduced the next year. “These amounts will not be more important, but there will always be a premium on electric vehicles is very significant, premium on plug-in hybrid vehicles very significant”, had said Bruno Le Maire. The bonus for the purchase of an electric vehicle is going to reach 6, 000 in 2021 (eur 5 000 in 2022). It will increase to 1 000 euros for plug-in hybrids.
What an evolution for the IR-SMES ?
This device allows you to benefit from a tax reduction when you invest in the capital of an SME’s eligible. The reduction amounted to 18% of your investment amount, within the limit of € 50,000 for a single person, widow or divorced, or eur 100 000 for married persons or pacsées subject to joint taxation. The general rapporteur for the Budget wants to perpetuate the markup to 25%, in force since 10 August, and concerning the payments made up to 31 December 2020.
The companies will see corporation tax fall ?
Passed in 2019, the decline of the corporate income tax continues over the next year. In 2021, the tax rate should be reduced from 25% to 26.5% for companies making less than 250 million euros of turnover. Beyond that, the rate will increase from 31% to 27.5%. In 2022, all businesses should advantage
