Tax Comparison Between France and Other Countries

You want or are looking to change life, change country?
You want to change air, come to work in France, you are thinking of expatriation?
You want to retire in France and enjoy the good wine, fine gastronomy, enjoy France?
We think that you would be interested in knowing more about your tax obligations as this may influence your decision making. You don’t want to be surprised; you want to be well-prepared.
For your information, you can find here a quick comparison of income tax rates in France and other countries!
If you want to have a more tailored estimation, please click on this link to discuss with one of our tax advisors.

 

Income tax rate and brackets in France for 2020 Income

Progressive scale applicable to 2020 income
Tax brackets Marginal tax bracket
Up to 10 084 0%
From 10 085€ to 25 710€   11%
From 25 711€ to 73516€ 30%
From 73517€ to 158 122€  41%
From 158 122€  45%

UNITED STATES OF AMERICA

For 2021, 

Federal Income Tax rates
Taxable Income Bracket (USD)1 Marginal Tax Rate (%)
Single Individual Joint Return of Married Couple
0 to 9 950 0 to 19 900 10
9 951 to 40 525 19 901 to 81 050 12
40 526 to 86 375 81 051 to 172 750 22
86 376 to 164 925 172 751 to 329 850 24
164 926 to 209 425 329 851 to 418 850 32
209 426 to 523 600 418 851 to 628 300 35
523 600 and over 628 300 and over 37

 

UNITED KINGDOM

 

  Income tax band (GBP):
2020/21
Income tax band (GBP):
2021/22
Basic rate (20%) Up to 37,500 Up to 37,700
Higher rate (40%) 37,501 – 150,000 37,701 – 150,000
Additional rate (45%) Over 150,000 Over 150,000

 

Taxpayers with a main residence in Wales are subject to Welsh rates of income tax as set by the Welsh government. For 2020/21, the rates are the same as for England and Northern Ireland (i.e. those set out in the table above).

For 2020/21 and 2021/22, for Scottland the rates are:

 

2020/21
Income band (GBP)

2021/22
Income band (GBP)

Starter rate (19%)

12,500.01

14,585

12,570.01

14,667

Scottish basic rate (20%)

14,585.01

25,158

14,667.01

25,296

Intermediate rate (21%)

25,158.01

43,430

25,296.01

43,662

Higher rate (41%)

43,430.01

150,000

43,662.01

150,000

Top rate (46%)

Over

150,000

Over

150,000

AUSTRALIA

The income tax rates for resident individuals (from the 2020/21 income year onwards) are as follows:

Taxable income (AUD) Marginal rate (%)
Up to 18,200 0
18,201 45,000 19
45,001 120,000 32.5
120,001 180,000 37
Over 180,000 45

 

GERMANY

For 2021, 

Single taxpayers

Annual taxable
income (EUR)
Marginal rate
(%)
Tax payable
(EUR)
Up to 9,744 0     0    
9,745 14,753 14.00 23.97 0 951
14,754 57,918 23.97 42 951 15,189
57,919 274,612 42     15,189 106,200
Over 274,612 45     106,200    

Jointly assessed spouses or civil partners

Annual taxable
income (EUR)
Marginal rate
(%)
Tax payable
(EUR)
Up to   19,488 0     0    
19,489 29,506 14.00 23.97 0 1,902
29,507 115,836 23.97 42 1,902 30,378
115,837 549,224 42     30,378 212,400
Over   549,224 45     212,400    

IRELAND

For 2021, the following bands apply:

Band of taxable Income (EUR) Rate (%)

Single/

Widow(er)

Married Couple

(One Income)

Married Couple

(Two Incomes)

One-Parent

Families

Up to 35 300 Up to 44 300 Up to the lesser of 70 600 – 44 300 plus the amount of the lowest income 39 300 20
Balance Balance Balance Balance 40

BELGIUM

The individual income tax rates applied on aggregated income for tax year 2021 are as follows: 

Taxable income (EUR) Rate (%)
Up to and including 13,540 25
13,541 23,900 40
23,901 41,360 45
Over 41,360 50

SPAIN

For tax year 2021, the following progressive rates apply: 

Taxable income (EUR) Tax on lower
amount (EUR)
Rate on
excess (%)
Up to 12,450 0 19
12,450 20,200 2,365.50 24
20,200 35,200 4,225.50 30
35,200 60,000 8,725.50 37
60,000 300,000 17,901.50 45
Over 300,000 125,901.50 47

CANADA

Federal Income tax :  

Individuals pay income tax at graduated marginal rates, as of 1 October 2021, as follows: 

Taxable income (CAD) Tax rate (%)
Up to   49,020 15
49,021 98,040 20.5
98,041 151,978 26
151,979 216,511 29
Over   216,511 33

The provinces impose income taxes as a percentage of taxable income for federal income tax purposes. They also impose provincial surtaxes and flat rate taxes on provincial tax or income above specified amounts.

INDE

From April 2020

Total income (INR) Rate of tax (%)
Up to 250,000 Nil
250,001 500,000 5%
500,001 750,000 10%
750,001 1,000,000 15%
1,000,001 1,250,000 20%
1,250,001 1,500,000 25%
Over 1,500,000 30%

NIGERIA

These rates have been in effect since 14 June 2011.

Chargeable income (NGN) Rate (%)
First 300,000 7
Next 300,000 11
Next 500,000 15
Next 500,000 19
Next 1,600,000 21
Above 3,200,000 24

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