The deadlines for declaration (online) are, as in previous years, depending on the departments of residence of the taxpayers: May 24, 2022 at 11:59 p.m. Please note that for all declarations on paper, the deadline is May 19.
Financial assets held abroad
According to the French General Tax Code, natural persons, associations and companies not having the commercial form domiciled or established in France, must declare, at the same time as their tax returns, the references of the financial accounts, opened, used or closed by them abroad during the year. The same applies to life insurance contracts taken out with organizations established outside France and digital asset accounts held outside France.
Such a declaration is made each year using form 3916 – 3916 Bis attached to the tax declaration. The details of the financial institution, the dates of opening and possibly closing of said accounts are indicated there. For life insurance, the references of the contracts, their effective date and their duration and the operations of redemption, reimbursement or payment of premiums carried out during 2021 are mentioned. Taxpayers must also tick on the main form 2042 the box UU or TT (for life insurance) found in section 8.
Even if the taxpayer has met these reporting obligations in respect of his 2020 income tax return, he must renew them with his 2021 income tax return, failing which he would be liable to the same penalties as a person who has not declared these elements. .
Donation for worship
New for 2021, donations and payments made between June 2, 2021 and December 31, 2022 for the benefit of religious and charitable associations are eligible for a tax reduction at the rate of 75% up to a limit of €554. for the taxation of income in 2021. It is not taken into account for the assessment of the limit of 20% of taxable income. Donations of the same nature made before June 2, 2021 or exceeding the limit of €554 entitle you to the common law tax reduction (66% of the amount of the sums paid) within the limit of 20% of taxable income.
Employment of an employee at home
Sums paid in remuneration for personal services at home such as: childcare, school support, assistance to the elderly or disabled, sick care (excluding care), home maintenance and housework, small gardening jobs, do-it-yourself jobs, computer assistance services… are eligible for tax credit.
Certain services rendered outside the home are also eligible for the tax credit. This involves accompanying children or elderly or disabled people in their travels outside the home, driving the personal vehicle of these same people, delivering meals to their homes.
The tax credit is equal to 50% of the amount of the expenses actually incurred up to a limit of €12,000 (in the general case) plus €1,500 per dependent child, and per member of the tax household aged over 65, without being able to exceed €15,000.
But beware, within this overall ceiling, some benefits have a specific limit:
- Small do-it-yourself: €500 per year,
- Minor gardening work: €5,000 per year,
- IT assistance services: €3,000 per year.
In all cases, the taxpayer must have proof that he will present to the DGFip upon request.