AMERICAN CITIZENS IN FRANCE

Bilateral tax treaty concluded by France and the United States of America on August 31st 1994 applies a very attractive tax system to American citizens who have their tax residence in France, so as to be seen as a tax haven for such citizens who earn US income.

Of course, US citizens remain liable to taxes levied by the IRS (Internal Revenue Service) due to the principle of global taxation based on citizenship, but France is the only State which takes into account this specific feature by exempting from French taxes quite a few American income such as :

_ US interests, dividends and royalties ;

_ US capital gains ;

_ US real estate income ;

_ US income similar to wages or pensions.

Nevertheless, benefiting from all these French tax exemptions implies American citizens must respect their reporting obligations towards the IRS.

Do you want to settle in France ?

To better understand your reporting obligations ?

To know what would be the French tax system applied to your income which comes from other States than the US ?

Your lawyer remains at your disposal for any additional information !