New reporting obligation for French tax declarations
Briefly

France's 2025 Budget, passed in February, includes an amendment that mandates taxpayers to provide more detailed information on personal services tax credits during their annual declarations. This change, aimed at enhancing transparency in how tax credits are utilized, will begin with the upcoming tax declaration period in April. A significant number of taxpayers, around five million, will be affected as they will need to detail payments made for services such as childcare, senior assistance, and household help, among others.
In February, France's 2025 Budget introduced amendments requiring details on personal services tax credits, affecting around five million taxpayers starting from the next tax declaration.
Read at The Local France
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