The introduction of the withholding tax is beneficial for future pensioners – who stop working in late 2018 or early 2019 – while the situation is much more contrasting for other taxpayers, such as future assets.
After a few days floating in the top of the state, the deduction will finally see the light of the day. "The income tax will be deducted at the source on 1 January 2019," said Tuesday evening Edouard Philippe, on the set of TF1.
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As a reminder, the most important improvement that is endorsed is fiscal loopholes. In order to compensate for the fact that credits and tax reductions are not taken into account in the payroll tax, a deposit of 60% – and up to 30% as planned up to now – will be credited to the account on 15 January. taxpayer involved. This device will be extended to tax reductions for rental investments, according to the general management of public finances
While the withholding tax is now approved, Le Figaro takes stock of the winners and losers of this reform:
• The winners
Future pensioners – who will stop working at the end of 2018 or early 2019 – are undoubtedly the big winners of the withholding tax. The white year is indeed an opportunity for them. In the current system, new pensioners – in the first year of inactivity – pay a tax based on the income from their last year's work. The introduction of the withholding tax will change the situation: in 2019, taxpayers will pay their income tax that they earned in 2019. Véronique *, contract manager in a social group, will retire at the beginning of March 2018. , the introduction of the withholding tax is "excellent news". "This year I paid about 4000 euros in taxes for a monthly salary of 2800 euros net," she says. Before moving on: "Next year I will receive a pension of 1750 euros net so for me it is very interesting, I will be taxed at much lower incomes, generally the big winners will be the ones who have experienced a sharp drop in turnover between 2018 and 2019.
For Virginie Pradel, tax adviser, "those who have a very simple tax situation" are also the winners of the reform. "I think that typically single people whose only income is a salary and who do not receive tax credits will make life easier for the device," says Virginie Pradel.
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• The losers
On the other hand, the lawyer denounces "a complexity for millions of taxpayers", especially those who are not single or who experience different types of income (wages, allowances for self-employment, rental income, etc.). "The situation becomes much more complicated if you are married to a person with a very different income and if you have children," said Virginie Pradel. She cites the example of a woman who earns much more than her husband. "If the husband does not want his employer to know the income of the tax household, he can opt until September 15, 2018 for a non-individual tax rate that takes into account his / her salary excluding his / her family situation, in which case a part of his income tax charged by his employer and he must take steps to pay the additional tax to the tax authorities every month, "explains the lawyer.
With regard to the advance payment of 60% on all credits and tax reductions, as Gerald Darmanin announced on Wednesday morning at France Info, Virginie Pradel is of the opinion that this is "good news as far as the advance was initially limited," only 30%, and "mainly related to the tax credit for the employment of a person at home and the tax relief for childcare, with the exception of donations". As a result, "instead of waiting until September 2020 to recover credits and tax reductions for the year 2019, taxpayers will receive 60% of their amount in January 2020," she says. According to her, however, it is less interesting than the current system that allows taxpayers to deduct their tax reductions and reductions directly before they pay their income tax, allowing them to pay a tax on their income tax. on net income from credits and income tax cuts ".
Finally, the new assets – which will enter the labor market in 2019 – also consider themselves to be losers. They will not benefit from the previous gap of a year, which often provides a cash advance to settle in life, and will pay taxes immediately.
* The name has been changed