Tax Return : to know everything

As every year, April means tax filing season. And of course, this period comes with its share of questions and doubts. In a desire to do things right, you may wonder which income to declare, which boxes to tick, which tax credit not to miss...

Often seen as complex, filing a tax return is nonetheless an unavoidable step in every taxpayer's life. Between the complexity of the forms and the fear of making a mistake, many people approach this step with apprehension. To help you see things more clearly, Enerfip has put together this article in the format of a FAQ (Frequently Asked Questions).

👀 Also read:

• Understanding the taxation of crowdfunding
• Mastering the taxation of your responsible investments
• How to find your Unique Tax Document (IFU)?

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How do you calculate your tax bracket and rate under the progressive scale?

The income tax scale is progressive. What does that mean? Your income is taxed according to the bracket that corresponds to your situation. To find out your average tax rate, follow these steps.

• Determine the fraction of taxable income per share: to do so, divide your household's net taxable income by the number of shares in your household.
• Apply this result to the progressive scale:
  • if you earn, per share, less than €11,497, you are not taxable;
  • if your income is between €11,498 and €29,315, your tax rate will be 11%;
  • if you fall in the bracket between €29,316 and €83,823, you will be taxed at 30%;
  • if your income is between €83,824 and €180,294, your tax rate will be 41%;
  • if you earn more than €180,294, your tax rate will be 45%.
• Calculate the average tax rate: to do so, divide the amount of tax due for the tax year by the household's net taxable income and multiply the result by 100.

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How are amounts from a Retirement Savings Plan (PER) taxed?

The Retirement Savings Plan, or PERP, is a long-term investment that allows you to save throughout your life and, once retired, to receive a life annuity.

• During the retirement savings phase: contributions paid into your PERP are deductible from income tax. You must declare them under "deductible expenses" on your tax return.
• Upon termination of the retirement savings plan:
  • annuities: you periodically receive a sum until your death. On your tax return, you must declare them under "Pensions, retirement income, annuities, life annuities for consideration";
  • lump sum: upon exit from the PER, you must declare the capital.

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What tax rules apply to the PEA and PEA-PME?

The PEA (Equity Savings Plan) and PEA-PME (Equity Savings Plan for Small and Medium-sized Enterprises) are investment products that encourage the financing of French and European companies. This type of securities account, accessible to anyone resident in France, allows you to manage a portfolio of European shares while benefiting from tax advantages. However, the applicable rules depend on the age of the plan.

• If you make a withdrawal before 5 years, the net gain realized since the plan was opened will be taxed at 12.8%. Note that you may also opt for overall taxation under the progressive scale.
• If you make a withdrawal after 5 years, your gains will be fully exempt from income tax. However, they are subject to social levies (CSG-CRDS at 17.2%).

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👀 Also read: Everything you need to know to invest confidently in a PEA-PME

Do donations to associations benefit from a tax reduction?

Supporting an association not only benefits the causes you care about; it can also lighten your tax bill. When you make a donation to organizations of general interest or recognized as being of public utility established in France, to organizations helping people in difficulty or victims of violence, to recognized public utility foundations acting for the preservation of heritage or in support of victims of Cyclone Chido in Mayotte, you may benefit from an income tax reduction ranging from 66% to 75% of the amount donated, within the limit of an annual cap set by law.

As a reminder, if you wish to benefit from this tax advantage, a few rules apply:

• the recipient association must be eligible for one of the schemes mentioned above;
• the donation must be disinterested, meaning without significant consideration in return;
• you must attach to your income tax return the tax receipt issued by the association.

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👀 Also read: Enerfip income: can it be deducted from income tax?

How do you correct your tax return?

If you made a mistake on your tax return, don't panic: to err is human.

• If you filed your return online:
  • you can amend your tax return throughout the period during which the online income declaration service is open, even if you have already signed it;
  • note that it is also possible to use the online correction service from early August to early December 2026. Once the errors are corrected, a new tax assessment notice will be issued.
• If you filed a paper tax return:
  • until the filing deadline, you can submit a corrective return to the tax office responsible for your area;
  • if the filing deadline has passed, you must file a complaint online, by post addressed to your public finance centre, or in person at your tax office.

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👀 Also read: How to check your tax return?

At Enerfip, we pre-fill your IFU (Unique Tax Document) to make your life easier: all you need to do is verify that the information is accurate.

For any questions or if you need assistance, our Investor Relations team is available by phone at +33 4 11 934 11, by email at [email protected], or online by booking an appointment on our website.