Reading his tax notice is not invented. Number of shares, reference tax income… It is sometimes difficult to understand all the tax jargon. For this reason, the impots.gouv platform offers to decipher the document from the Directorate General of Public Finance to make it easier for taxpayers to read.
Here are the different elements that you can find on your tax notice:
Soon, additional information should appear on this tax document…
According to information from Capital, the deputies recently adopted an amendment to the amending finance bill (PLFR). The goal? Force the tax administration to add the average rate (TM) and the marginal tax rate (TMI) of taxpayers on their tax notice.
The average tax rate “is obtained by dividing the amount of your tax to be paid (after deduction of tax credits and reductions) by your net taxable income”, specifies the Dispofi site.
For its part, the marginal tax rate “corresponds to the rate applied to the last income bracket, the lower brackets being subject to the lower rates”. Thanks to it, you can identify the tax rate to which any additional income received by your household will be subject until the next installment.
This proposal by MP Marc Le Fur (LR) aims to strengthen transparency between taxpayers and the state. When will you see this change on your tax notice?
Quoted by Capital, the general rapporteur for the Budget, Jean-René Cazeneuve (Renaissance), explains: “From the spring of 2023, income tax notices will therefore mention the average rate and the marginal tax rate for taxpayers. Why these two specific elements First, our compatriots often confuse the average tax rate and the marginal rate”.
Showing these rates is also a way to allow taxpayers to better manage their savings, in addition to better understanding what they are paying.