Entertainment Netflix will declare its income in France to the French tax authorities, from 2021

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Information on income tax rates in France . In 2021 , for 2020 income , there will be further changes, in particular, reducing the 14% rate to 11%, which we considered in our article Income Tax There are then various adjustments made to your tax liability that are applied automatically by the tax authority .

France Tax information: info about tax in France and a guide to French taxes . The French system of taxation can be characterised by its complexity, high The process of submission of your income tax return is a complicated one and if you under- declare your income the French tax authorities

© OLIVIER DOULIERY / AFP From 2021, Netflix will fully declare its turnover generated in France to the French tax authorities.

The company Netflix should declare the income generated by its French subscribers in France and no longer in the Netherlands, from next January.

The magazine Capital revealed this Wednesday, November 25 that the American firm Netflix will declare all of its turnover generated in France to the French tax authorities from next year. Previously, the platform declared its income related to French subscribers in the Netherlands, via the company Netflix International BV.

Capital unveils as well as from January, new French subscribers will no longer sign a contract with this Dutch company but with Netflix Services France SA, a company registered in France, which has signed a distribution agreement with the company. Dutch.

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Disposable Personal Income in France is expected to be 331550.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Disposable Personal Income in France to stand at 417681.00 in 12 months time.

Information on completion of your French income tax return, your ' declaration des revenues'. If you have not previously made a tax declaration in France , ( déclaration des revenues) then you may There are no concessions if you later claim to the French tax authority that you did not submit a tax In order to declare on-line you will need to connect to Impots.gouv.fr and click on 'Votre Espace

From 26 to 800 million euros in declared income

According to the magazine's estimates, the revenue generated by French subscribers is in the order of around 800 million euros. Much more than the turnover reported in France by Netflix today, of 26 million euros. The video-on-demand service should therefore pay a higher tax than the € 564,174 paid to the French tax authorities last year.

This will be added in particular to the 20% VAT on online services and the 5.15% tax, on its turnover generated by its French subscribers, at the National Cinema Center which Netflix already pays. "We are making changes to our corporate structure to better reflect the growth of our business in France," told a Netflix spokesperson to Capital.

Adding: "After the opening of our office in Paris in January 2020 and the launch of more than 20 locally produced films and series, this development confirms our long-term commitment alongside the French creative industries".