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French Finance Minister Confirms Individual Income Tax Withholding will Apply from 2019

|Approved Changes|France
France

Despite calls from the business community for a delay, French Finance Minister, Bruno Le Maire, reportedly stated on 26 March 2018 that the new withholding tax system on individual income will be implemented from 1 January 2019, with no possibility of further delay. The new pay-as-you-earn (PAYE) type system was approved as part of the Finance (Budget) Law for 2017 and requires employers to wit…

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