Possibility to claim a reimbursement of the CHR

Tax Alert

Action required by December 31st, 2014

12.18.14

The French constitutional court has invalidated the application of the exceptional contribution on high income (CHR) to investment income received in 2011 which had already been subject to liberatory withholding tax. Taxpayers concerned have until December 31th, 2014 to claim the undue tax paid.

Taxpayers concerned are those who, in 2011, were single and who had a global income (“revenu fiscal de référence”) exceeding 250 000€ or married and who had a global income (“revenu fiscal de référence”) exceeding 500 000€, and who received investment income (interest, dividends, life insurance products, etc.) subject to liberatory withholding tax in 2011.

Taxpayers who paid the exceptional contribution on high income have until December 31th, 2014 to claim the portion relating to 2011 income subject to liberatory withholding tax.

The members of our team are at your disposal to explore this issue and provide you information on the impact it could have on your personal situation.

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