LIST OF PRINCIPAL ANNUAL FORMS OF INCOME TAX DECLARATION IN FRANCE
Updated on 15/11/2020
All taxpayers subject to income tax in France must report their income for the previous year before end of May (the exact date depends on the taxpayer's place of residence) for a declaration via the internet. Each statement deals with the entire tax household.
Below are the main forms to be completed (classified by tax reference number).
2042 or 2042 C (for the complementary version)
This is the main form that any taxable taxpayer in France has to fill out.
It contains the following information:
- Address of the tax department which will receive the declaration,
- The civil status of the taxpayer and his family status,
- The identity of dependents.
It allows to declare the annual taxable amount of the following revenues:
- Wages, pensions and annuities,
- Income from movable capital,
- Capital gains on stocks and shares,
- Property income.
Deductible expenses and tax credits (deductible CSG, pensions paid, retirement savings) as well as certain income received abroad and taxable in France can be indicated on this form.
2042 C return allows the following income to be declared in addition:
- Exceptional or deferred income,
- Capital gain on stock options for employees,
- Tax-exempt wages and pensions which must be indicated for the calculation of the effective tax rate,
- Income from capital: deduction of previous losses,
- Plus values and gains,
- Reductions or tax credits on certain rental investments,
- Reduction of tax for subscribing to the capital of small companies,
- Wealth tax.
In addition, the deductible expenses and tax credits section has more headings.
This makes it possible to request reductions as well as tax credits. This mainly concerns:
- Various donations,
- Dependent children pursuing studies,
- The use of home and child care staff,
- Certain deductible compensatory payments to the former spouse following a divorce,
- Energy-saving expenses in the main residence.
2042 C PRO
It allows the reporting of all income from independent activities, whether professional or not:
- Income of micro-entrepreneurs who have opted for the flat-rate withholding of income tax,
- Agricultural profits and losses carried forward,
- Industrial and commercial profits and deductible losses,
- Non-commercial profits and deductible losses,
- Income of renters in furnished apartments.
Professional income must be separated from non-professional income because the deficits made in the latter category cannot be deducted from other income of the tax household.
This declaration makes it possible to calculate the amount of the deductible tax credit generated by certain investments made in the French overseas territories.
Document to calculate the amount of the tax on high rentals for small surface houses due by physical lessors. This applies to flats with a living area not exceeding 14 m².
This form must be completed by:
- People who have left France during the previous year and who have received income from French source after departure,
- People who have transferred their residence to France during the previous year and have received income from French source before their return.
Income received before leaving abroad or after returning to France must be declared on forms no. 2042 or 2042 C.
This form enables people living as a couple (and therefore taxed on the income of all the members of the tax household) to apply for a personalized rate of withholding tax.
In this declaration, the net tax result from unfurnished rentals is determined. The net profit or loss is then reported on Form 2042 to be taxed.
This is the same statement as the 2044 print above, but it is adapted to the rental income benefiting from special tax deductions.
For income from abroad perceived by a French resident.
This form is required to declare:
- Capital gains distributed by a mutual fund,
- Price supplements received following various sales,
- Transfers of transferable securities and capital shares,
- Closing of Accounts Stock Savings Plan, etc.
This document is sometimes accompanied by the following annexes:
- 2074 I: For tracking capital gains on tax deferral,
- 2074 DIR: To declare the capital gains realized by an executive of a European company at the time of his retirement. This type of capital gains benefits from a reduction of € 500,000.
- 2074 IMP: For capital gains on transfers of securities made by impatriates.
- 2074 ETD: Allows reporting of unrealized capital gains in the event of a transfer of domicile outside of France.
This form is intended for non-residents subject to tax in France on their income from French sources. We specify that the tax service publishes on its website a notice in English language for this form.
This form must be completed by any person who has, during the previous year, opened or held or closed a bank account abroad.
Warning! Since 2020 year declaration, the data subjects must tick box 8UU on their 2042 form.
This form must be completed by anyone residing in France who opens, holds or closes digital accounts in a foreign country. Failure to report these accounts results in significant penalties.
There is still a tax form used more rarely:
2042TA: To claim the refund of the additional tax on leases.
A majority of French taxpayers must use only a few of these forms, but it is very important to choose the form that corresponds perfectly to the tax status of the declarant. In addition, some of them are complicated and the total amount of tax payable depends on the proper interpretation of the information contained therein.
To make such statements, it is often preferable (or even indispensable) to contact one of our tax advisors specialized in French taxation.