The levy: For fixed income, but under what conditions?

The withholding tax is a withholding of certain fixed income financial products. Until 2004, the levy was devoted to the products of fixed-income investment. Since 1 January 2005, the withholding tax under certain conditions extends to products such as those from the European Community or European Economic Area. The amount of all such products subject to withholding must be worn on the reporting of income tax on page 2, lines EE and DH.

The levy is an option you should choose each year at the latest at the time of redemption for fixed income products include:

State funds, bonds, equity securities and other debt instruments issued by public or private French, payments of salary funds, certificates of deposit issued by banks, deposits and current accounts , good capitalization and similar, redemption premiums relating to bonds or debentures issued in France on 1 June 1985, commercial paper, certificates of deposit, purchase of specialized financial institutions and Treasury bills account power and good financial companies. Namely, these products should not be taken into account in determining taxable income of an industrial, commercial or noncommercial profession.

The levy is an option. You must apply to the bank that handles your movable capital.

In some cases, the withholding tax is applied automatically. These include products such as treasury bills, savings bonds of the Postal Bank, the good of the national fund of Crédit Agricole, the right to five years of participation in the development of the mortgage market issued by Crédit Foncier de France, bonds issued by regional groupings of savings and pension payments and account books. But you always have the right to remove the levy and to choose the income tax standard.

Be aware that taxpayers imposed in the range of 14%, that is to say a taxable income of less than 24,872 euros for a single person (including income from savings), have an interest to waive withholding.

The withholding tax of 27% is a choice. You can switch plans every year in case of changes in your overall income and include your savings products in your taxable income.