Search Sort Posts:  Oldest to newest Newest to oldest

18/05/2008, 14:51 Ron Avery Joined on 29/11/2004 Posts 3,102 Re: Exchange rate for Tax purposes Bob Dee was quoting from something or somebody called "infotax-southwest@dgfip.finances.gouv.fr".  I don't know who these people are, but they clearly haven't read the law, or even the pink tax forms.  There is no such thing as the "correct rate". That is the SW France tax office Allan, there used to a lady there who would answer tax questions in English, which is useful for the first years if your French is not good, but she has retired and another man has taken over, but I'm not sure his English is that brilliant In regards to your example Allan, I was making the same point re a significant income, say an annual interest payment to France received in December when the rate was 1.33€ being taxed at the "official rate" of 1.363€. Why not just post a sensible answer, people will appreciate it more    Report

18/05/2008, 17:44 allanb Joined on 04/09/2006 Posts 444 Re: Exchange rate for Tax purposes  ErnieY wrote: It wasn't meant as an accusation... Not taken that way. ...just an observation that for many the amounts in question perhaps did not warrant the degree of angst... Undoubtedly true. ...pop a cork Done.    Report

19/05/2008, 18:28 jetlag Joined on 06/12/2005 Charente Maritime Posts 308 Re: Exchange rate for Tax purposes There's no telling who is giving correct info ref the exchange rate for tax purposes.   If anyone knows the correct rate for the Saintes area, it will be much appreciated many thanks Jetlag    Report

19/05/2008, 20:34 sueyh Joined on 06/10/2004 62 Posts 181 Re: Exchange rate for Tax purposes and Pas de Calais (St Pol sur Ternoise area in particular).....! Suey ps a friend of ours told me yesterday that they worked on 1.18....!!!!!!!!!!!!!!!    Report

20/05/2008, 9:17 cooperlola Joined on 05/05/2006 72 - Sarthe - home of les 24 heures du Mans Posts 6,361 Re: Exchange rate for Tax purposes As Sunday Driver has said above in several different ways - there is no official yearly rate.  The legal rate to use is the rate which was applicable at the time you were paid the money. The critical thing is to be able to prove that the rate you used is at least as close as you were able to get to the one the law specifies.  Thus, yes, you will probably get away with a rate supplied by your local tax office for the year, but I would suggest that you get this in writing (or at least as an e-mail) direct from your own tax office and keep it with your documents in case of a tax audit in the future. Because I'm sure that "the rate I read about on an expat forum" would not be a good enough explanation if the auditors come to call. And personally, if I had been lucky enough to have received a large sum of money at one time (such as an investment payout, inheritance etc) I would take the trouble to find out the rate on the day that was paid, rather than using an average rate for the year.  Then you cannot be wrong in the eyes of the law. Healthcare Issues Site    Report

20/05/2008, 9:38 Benjamin Joined on 21/08/2005 Vendée South Posts 1,565 Re: Exchange rate for Tax purposes  cooperlola wrote: And personally, if I had been lucky enough to have received a large sum of money at one time (such as an investment payout, inheritance etc) I would take the trouble to find out the rate on the day that was paid, rather than using an average rate for the year.  Then you cannot be wrong in the eyes of the law. The proviso here has to be that you use one method or the other, you can't be seen deciding to use the end of year unofficial "official" rate for most of your transactions and then use a one off rate for a particular transaction. I said, rather tongue in cheek, in an earlier posting on this thread, that it will be interesting to see how many people who are advocating using 1€36 to cover all of their 2007 transactions will want to be using the average rate obtained for 2008 when they see that it is to their benefit to do so. We converted our UK income at 1€45 for 2007 because that was the average rate we received  throughout 2007. Benjamin Snips, snails and puppy dog tails    Report

27/05/2008, 17:13 ErnieY Joined on 05/12/2006 Nr Prayssac (Lot) Posts 2,964 Re: Exchange rate for Tax purposes Been into Cahors today with my forms; asked what the exchange rate should be and was told the 'official' rate was 1.3425     My doctor said one drink per day, I can live with that !    Report

27/05/2008, 17:15 woolybanana'sbrother Joined on 18/01/2008 Posts 1,001 Re: Exchange rate for Tax purposes Yesterday was told that there definitely is an official end of year rate fixed by Paris.    Report

27/05/2008, 17:26 allanb Joined on 04/09/2006 Posts 444 Re: Exchange rate for Tax purposes Instead of saying that there is no official rate, perhaps I should have said that there's an infinite number of official rates.  Maybe we could have a contest to find the lowest one, and then we can all move there.    Report

27/05/2008, 17:32 spg Joined on 23/08/2004 Southern Morbihan 56 Posts 1,049 Re: Exchange rate for Tax purposes  ErnieY wrote: Been into Cahors today with my forms; asked what the exchange rate should be and was told the 'official' rate was 1.3425 I emailed my local tax office in Vannes, which is quite a large office and definitely used to dealing with foreigners albeit in French, and was told that there is no official rate - as per SD's posts - but that I could, for convenience, use an average rate of 1.4264. This was arrived at by adding together the end of year rate of 1.3636 at 31 December 2007 and the start of year rate of 1.4892 as at 1 January 2007 and dividing by two. I was advised also to quote the email, the reference number and the name of the Inspector of Taxes who relayed this info to me on the Declaration of Taxes I shall make. Sue Computing - it's another world    Report

Page 6 of 8 (78 items) « First ... < 4 5 6 7 8 >

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

(Quick links) Forums Home |- Search Forums |- Active Topics |- Unanswered Posts User Options |- Sign In |- Join this community |- Forgot Password About This Forum (READ ONLY) |- About This Forum Moving |- Finding/Owning French Property |- Making the Move From Outside the EU |- Long-Term Letting |- Employment Vacancies in France Legal and Finance |- French Legal Issues |- French Finance Building and Renovation |- House Renovations |-- Working with Wood Living |- Earning a Living |- Driving |- French Education |- Pets |- Animal Welfare, Rescue & Protection |- French Satellite TV, French Internet and Telephone |- Health |-- Changes to Healthcare Entitlement, CPAM, CMU and Cartes Vitales |- Swimming Pools in France Owning/Running a Business |- French Artisans |- Gite Owners |- Hotel and Restaurant Owners |- B&B/Chambres d'Hôtes Owners Leisure and Pastimes |- Gardening |- Sport, Leisure and Pastimes |- Shopping |- French Antiques, Arts & Crafts |- Photography |- Motorcycling in France |- Books and Literature |- Getting Married in France |- Pregnancy and Birth French Culture |- French Food and Wine |- French Culture |- French Language |-- French Language FAQs and Useful Links |- Wildlife/Nature/Environment |- French History Travelling to/from France |- Travelling to/from France |- Latest Good Value Deals to/from France Holidays |- Holidays General Discussion |- The Complete France Post Bag |- The Lighter Side |- Other Topics |- Forum Technical Support |- Useful Links About France/French Living Regions |- HOTEL SEARCH |- Central |- North East |- North West |- Paris Ile de France |- South East |- South West |- East |- West |- Corsica and DOM-TOMs