IR tax is imposed on the comprehensive incomes, obtained by a natural person from the sources both in France and abroad. Tax payer fiscal item is a family (spouses and dependents under 18, unmarried children under 21 and children‑students under 25). Lonely people make a fiscal item themselves. Income tax is levied in accordance to 6-grade progressive scale. At that different coefficients are taken into consideration in calculations. Family size coefficient for unmarried citizens without children is 1, for spouses without children –2, for spouses with 1 child—2,5, with 2 children—3, for widows with under‑age children—3, for one divorced parent (not living in civil marriage) with 2 under‑age children—2,5 etc. The tax calculated in the following way: the total sum of income is divided by corresponding coefficient; then the tax is deducted in accordance to the rate, presupposed for certain type of incomes and then the obtained sum is multiplied by the same coefficient. Retired and disabled people as well as the categories of citizens that get meal allowances have the right for tax remissions. The rates: under 5900 euro per year—0%; from 5900 to 11900 euro—5,5%; from 11900 to 26400 euro—14%, from 26400 to 70800 –30%, from 70800 to 150000 euro—41$, over 150000—45%
TVA. It is one of the most important budget revenues of French taxation. From 2014 the basic rate makes up 20% (previously 19.6%); intermediate rate –10% (previously –7%) is valid in reference to restaurants, transport, repairs, technical servicing and firewoods. The reduced rate remains at the same level of 5.5% (alimentary, soft drinks, gas and electricity, equipment and services for disabled people, books; cinema, museum and concert ticketsas well as new energy saving technologies in building (used to be 7%). 2,1% rate is valid for medical prescriptions, TV and other media license. VAT tax is not imposed on education, medical services, exports within euro‑zone, waste recovery and recycling as well as sea fishing.
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