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13/05/2008, 13:19 Benjamin Joined on 21/08/2005 Vendée South Posts 1,564 Re: Exchange rate for Tax purposes And when the rate goes back up and the tax office tell you to use 1€45 as at December 2008 when you've been getting 1€25 for most of the year everybody'll suddenly start to think "You know that bloke Ron on the forum had the best method, I think I'll copy him this year". Benjamin Snips, snails and puppy dog tails    Report

13/05/2008, 13:36 ErnieY Joined on 05/12/2006 Nr Prayssac (Lot) Posts 2,945 Re: Exchange rate for Tax purposes Damn right Benjamin, if it is €1.45 next December I'll be ecstatic to put that on my forms.......................   My doctor said one drink per day, I can live with that !    Report

14/05/2008, 20:05 BobDee Joined on 17/08/2005 Reaup Lisse 47 Posts 112 Re: Exchange rate for Tax purposes It IS officially 1.3636 See "think i've found a good link to help fill out the tax forms!" (http://www.completefrance.com/cs/forums/2/1231954/ShowPost.aspx#1231954) BobD    Report

14/05/2008, 21:36 sweet 17 Joined on 05/08/2006 charente maritime Posts 2,043 Re: Exchange rate for Tax purposes If it's official, then it's good enough for me.  As for next year, if the rate is 1.48, what I say is, you win some and you lose some.  That's called Life!    Report

15/05/2008, 11:27 allanb Joined on 04/09/2006 Posts 440 Re: Exchange rate for Tax purposes Well, in spite of my gloomy view, it seems that there's plenty of support for the year-end rate for 2007 income.  If you're using it, I'm happy for you. I will repeat my sincere advice, though: since it's not what the instructions tell you to do, make sure you can document it.  Get something in writing and keep it in your file.  In my opinion the following will not count as documentation: (1)  "I spoke to someone in the tax office and they said it would be OK." (2)  "Somebody on the internet said his tax inspector said so."    Report

16/05/2008, 7:47 ErnieY Joined on 05/12/2006 Nr Prayssac (Lot) Posts 2,945 Re: Exchange rate for Tax purposes The pages in Bob's link are essentially the same as were published in April's edition of Co**extions.   My doctor said one drink per day, I can live with that !    Report

16/05/2008, 8:00 Ron Avery Joined on 29/11/2004 Aveyron 12 Posts 3,096 Re: Exchange rate for Tax purposes Well you always know you can rely 100% on the info published in *****xions, Ernie,  how would we manage our lives without it Here is a recent gem of a response to a question about why they told people that UK interest should be declared net, and not gross. As UK bank interest is paid after the deduction of UK income tax, it is received net. Other income sources are generally exempt from income tax, so are also paid net, although this figure will, admittedly, be the same as the gross income.  With it so far The French require that it is the net income received that is initialled “declared” on the form 2047 as there is then a method of accounting for the income tax in order to then produce the gross income which, yes, will be “assessed" No wonder people are totally confused about filling in what is a simple tax return with this quality and clarity of advice Ron in the Avey-ron    Report

16/05/2008, 8:08 BobDee Joined on 17/08/2005 Reaup Lisse 47 Posts 112 Re: Exchange rate for Tax purposes Ernie/Ron The link included a copy of my Email to impots just asking them what rate to use and their response. i.e. 1.3636. Who can argue with that? What more do you need?   Regs from someone whose papers have been posted and now trying to stay away from these forums. Still a great source of entertainment though.... BobD    Report

16/05/2008, 8:26 Ron Avery Joined on 29/11/2004 Aveyron 12 Posts 3,096 Re: Exchange rate for Tax purposes Actually in article I read, it was pointed out that in some cases by using the so called  "official" rate of £1/ 1.36€, people will actually have been assessed on more euro income than they actually received as the rate at the end of December was 1.33€, but no doubt they used the "official" rate Ron in the Avey-ron    Report

16/05/2008, 11:56 sueyh Joined on 06/10/2004 62 Posts 180 Re: Exchange rate for Tax purposes Has anyone had the official line from the Impots in Pas de Calais?  What figure are they using there? Suey    Report

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France Forum » Legal and Finan... » French Finance » Exchange rate for Tax purposes

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