France Tax Agency Issues Administrative Doctrine on Individual Income Taxation Under Family Quotient Regime

The French General Directorate of Public Finance June 26 issued an administrative doctrine on the taxation of individual income under the family quotient regime. The doctrine explains that: 1) a 5.4 percent indexation rate applies to the applicable tax brackets and to the related limits and thresholds; 2) this revaluation applies starting with the tax due in 2023 for tax year 2022 income; and 3) the revaluation is related to the capping of the maximum tax advantage provided by the additional half shares of the family quotient. [France, General Directorate of Public Finance, 06/26/23]

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