Expatriates who know where they stand with French taxes could limit exposure to unnecessary taxation, take advantage of available opportunities and avoid nasty surprises at the end of the year.
You need to review your tax planning from time to time, to check that it is up to date with tax reforms and that you’re using all the available opportunities to reduce your tax liabilities.
Wealth tax is an annual tax charged on your annual worldwide assets. It can have a significant impact on wealthier people, although there are always ways to legitimately reduce your wealth tax bill.
While there were only minor changes to income tax this year, Portugal has introduced a new wealth tax from 2017 which could affect you if you own a property in Portugal.
Wealth tax has been extended for another year. There was a possibility that 2016 would be the last year, but the Spanish government has confirmed that it will apply for 2017.