TaxPersonal TaxFrench to extend tax amnesty unit work

French to extend tax amnesty unit work

Budget Minister says work carried out by a special tax unit to haul back assets held illegally offshore will be continued

French Budget Minister Eric Woerth has unveiled plans to extend the work
carried out by a special tax unit to haul back assets held illegally offshore.

In
the backdrop of the UK deadline passing to notify the taxman of undeclared
offshore income,
Woerth was committed to allowing the work of the unit to
continue, which gives taxpayers the opportunity to put their accounts in order.

The unit was set to close on 31 December, but its success has led to the
extension.

According to the Budget Minister, the special unit has recovered more than
500m euros in taxation from approxiamtely 3bn euros repatriated to France.

As of January, any French taxpayer seeking to come clean and pay the
outstanding tax may contact the French authorities and be assured of favourable
conditions, tax-news.com.

Further reading:

Tax
amnesty deadline looms

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