French Taxes Go Up

Trip Start Feb 24, 2010
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Trip End Ongoing


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Flag of United States  , California
Friday, January 6, 2012

Was informed by my husband this morning that we got an email from our architect saying we should start with the roof and that the contractor could start in February. The second contractor could start when the roofer is done. Heh.

Not really. 'Cause we'd have to save up for that second phase before that guy could start. But at least we can perhaps get the roof done!

The architect also mentioned that the TVA would be adjusted to 7%, not 5.5%. I was thinking this must be some new tax law or something this year. And VOILÁ! What do I see in my mailbox? A newsletter from www.survivefrance.com!

Here is the article in its entirety explaining the increase in TVA from 5.5% to 7%:


French sales tax to rise this month
French Parliament have adopted austerity measures
which will take effect in January 2012 increasing the current rate of
TVA to 7% and as a consequence the cost of many consumer goods and
services nationwide. Coupled with a rise in gas and transport costs,
this could be a tough year for French households.
Basic comestibles such as water, fruit and veg and some non-alcoholic
beverages will remain at 5.5%. Luxury goods such as caviar will
continue to attract 19.6% sales tax whilst chocolate an foie gras will
retain their current 5.5% status as a basic food item.
Households can expect to pay on average an extra 4.4% on their gas
bills this winter, the government have indicated that electricity prices
will not be affected.
France's largest union the CGT has called for members to strike
nationwide on the 18th of January in protest of current austerity
measures.
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