French declaration of foreign accounts

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This article helps you understand the declarative and tax implications.

For more information on Stocks and ETFs in France, please consult our article on How Stocks and ETFs work with N26 and our general terms and conditions.

Declaration of Foreign Accounts

Mandatory: You must declare the existence of any account held abroad (including investment accounts) to the French tax authorities.

How to declare: This is done via form no. 3916 (Declaration by a resident of an account opened, held, used, or closed abroad).

When to declare: This declaration must be made when filing your annual income tax return in France.

Taxation of Investment Income

Dividends and Interest: Dividends from shares and interest from ETFs are subject to income tax in France.

Tax Rate: Generally taxed at a flat rate of 30% (Single Fixed Levy, PFU), which includes income tax (12.8%) and social levies (17.2%). You can opt for the progressive income tax scale instead.

Capital Gains: Profits made on the sale of shares and ETFs are subject to capital gains tax in France.

Tax Rate: The flat rate of 30% applies (Single Fixed Levy, PFU), including income tax (12.8%) and social levies (17.2%).

Declaration of Investment Income

Mandatory: You must declare all investment income (dividends, interest, and capital gains) from the German account on your French tax return.

How to declare:

Dividends and interest: To be declared on form no. 2047 (Declaration of income received abroad) and also on form no. 2042 (Income declaration).

Capital gains: To be declared on form no. 2042-C (Supplementary income declaration).