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Essentials of the week: how to obtain exemption from the fixed non-emission tax? Inflation rose sharply since October. Life insurance: Positive approach since the beginning of the year.


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Life insurance had a positive approach in September 2022. Inflation increased by 6.2% in October 2022 year-on-year. The deadline for payment of housing tax is set for 15 November 2022 for non-dematerialized payments and 20 November 2022 for dematerialized payments. Some taxpayers can obtain exemption from payment of the non-printing fixed tax. Purchase of training via the personal training account now goes through FranceConnect+. The amicable agreement between France and Switzerland on the taxation of frontier and cross-border workers in the form of remote work has been extended until December 31, 2022. Natural gas transmission system operator GRTgaz has launched a new tool to prevent tensions on the network.

Summary:

  • Life insurance: positive collection in September 2022
  • Inflation rose significantly in October 2022
  • Housing tax: the payment deadline is approaching
  • Obtain an exemption from the fixed charge that is not exempt
  • The more secure personal training account
  • Switzerland: extension of the agreement on the taxation of frontier workers
  • Gas: a new tool to prevent tensions on the network

Life insurance: positive collection in September 2022

L’ life insurance recorded positive inflows in September 2022, of +500 million euros, according to data provided by the French Association of Insurers. However, this collection is much lower than the one recorded in September 2021 (+1.8 billion euros). Since the start of 2022, the net inflow amounted to +12.6 billion. €, reinforced by units of account (+27 billion euros), while funds in euros suffered an outflow (-14.4 billion euros). “Life insurance regained its positive momentum in September. This proves the confidence that the French people continue to have in this savings product that fits their life plans,” said Franck Le Vallois, CEO of France Assureurs.

Inflation rose significantly in October 2022

Consumer prices increased by 6.2% in October 2022 year-on-year, after increasing by 5.6% in September 2022, according to the preliminary estimate carried out by the National Institute of Statistics and Economic Studies (Insee). This the increase in inflation will primarily be due to the acceleration in the prices of energy, food and processed goods, states INSEE. The government has taken several measures to limit the impact of inflation on purchasing power, including a tariff shield to stem the rise in gas and electricity prices and an extraordinary energy check of 100 to 200 euros paid out in December 2022 to the most modest households.

Housing tax: the payment deadline is approaching

The deadline for payment of housing tax is set for 15 November 2022 for taxpayers who pay by check or cash. For dematerialized payments (online payment on the tax website, via smartphone, monthly direct debit, etc.) the deadline is 20 November 2022. The same dates apply to the payment of the public audiovisual contribution owed to taxpayers if second home is equipped with a television. However, it is important to check your tax statement as a different date may be indicated. A large majority of the French are already exempt from property tax for their main residence, and they will all be so by 2023.

Obtain an exemption from the fixed charge that is not exempt

The fixed unit tax withheld by financial institutions on earnings from financial investments consists of a fixed non-emission tax of 12.8% and social taxes of 17.2%. Taxpayers, if reference tax income (RFR) for year N-2 is less than 25,000 euros for a single person and 50,000 euros for a couple is exempt from the non-printing fixed deduction for interest. With regard to dividends, the exemption applies to an RFR of less than 50,000 euros for a single person and 75,000 euros for a couple. You must send the request to your bank before 30 November 2022.

The more secure personal training account

Purchase of training via the personal training account (CPF) is now done via FranceConnect+, a more secure version of FranceConnect that uses La Poste’s digital identity. The goal is to fight better more and more CPF scams and scams. Since 2019, training rights acquired during professional life are credited in euros and no longer in hours, up to a maximum of 5,000 euros. The requests regarding education has doubled between 2020 and 2021, with 2 million validated files. Per On December 31, 2021, 21,000 training organizations offered around 420,000 courses on the moncompteformation.gouv.fr platform.

Switzerland: extension of the agreement on the taxation of frontier workers

The amicable agreement between France and Switzerland on the taxation of frontier and frontier workers in respect of telecommuting, which ended in 2020 during the health crisis, is being extended one last time until December 31, 2022. Bilateral discussions to develop new rules are still ongoing, and the two countries have set themselves the goal of reaching a final agreement by the end of the year, states the Ministry of Economy and Finance in a press release. Under this amicable agreement, frontier and border workers keep theirs tax scheme, even if they work remotely from home.

Gas: a new tool to prevent tensions on the network

The natural gas network operator GRTgaz launched the Ecogaz online platform at the end of October 2022, which allows consumers to receive alerts in the event of voltage on the network. Thanks to five-day forecasts, the platform informs daily via a four-color code (green, yellow, orange, red). From code yellow, one moderate consumption is desirable. And when the signal is orange or red, an email or SMS alert is sent to subscribers to encourage them to immediately reduce their consumption. A similar system exists for electricity, Ecowatt, which is administered by the electricity grid manager RTE.

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