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Taxes on income: New for 2008 Revenues

Several laws determine the new tax provisions for income tax in 2008.

The Finance Law 2009 of December 27, 2008, the law of "purchasing power" of February 8, 2008, the Finance Act amendment of December 30, 2008, the law of modernization of the economy (LME) of August 4, 2008 and the law on social democracy and reform of working hours of August 20, 2008.

-Slices of the scale of tax revenues in 2008 were increased by 2.9%.

The tax-shield: Lowered to 50% instead of 60%, the tax shield benefit from a reduction of his cap. Note that social security contributions (CSG, CRDS and social levy of 2%), are integrated into the charges returnable.

-Dividends received during the year 2008 may be subject to withholding tax of 18% or be added to the income tax with a reduction of 40%. It is the taxpayer who made the choice. For cons, the social deductions related to these dividends are necessarily collected at source.

On bonds and loans, the rate of withholding tax from 16% to 18%.

-If a taxpayer forgoes the savings products for the benefit of a charitable body, the rate of withholding tax will be 5%.

-Make a donation to public bodies such as circuses, organizations operas, musicals, dance or organizing exhibitions of contemporary art can reduce its tax by 66% of amounts paid within 20% of total income taxable.

-For taxpayers who own shares, the ceiling on taxable gains goes to 25000 euros for the 2008 tax. The tax rate from 16% to 18% for sales from 1 January 2008.

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