You owe this tax when the taxable net value of your property assets exceeds €1.3M on January 1st 2018. 

Donations to the ESCP Europe Foundation are still tax deductible: 75% of your donation is tax-deductible in the limit of €50 000 which means a maximum donation of €66 667.

However, “ISF PME” is deleted since 1 january 2018, this is an opportunity to increase your donations to the ESCP Europe Foundation.

There is no separate declaration. You must declare your IFI with your income tax by completing the appendices and evaluating your property assets.

Deadline 2018:

* Declaration on paper: 17 May 2018

* Declaration on internet: 

– 22 May 2018 (departments 01 to 19)

– 29 May 2018 (departments 20 to 49)

– 5 June 2018 (departments 50 to 976)

Divide the amount of your IFI by 0.75 to obtain the amount of the donation which reduces your IFI to zero.

Tax deductions are conserved in the same conditions.

During the spring 2019, you will declare your revenues 2018 and will indicate your donations 2018. With some exceptions, you won’t pay an income tax for your revenues 2018 but you will conserve he tax deductions linked to your donations.

Exceptionnaly for this year of transition, your tax deduction will be tansformed in tax credit and will be refunded during the summer 2019 by the french tax administration.

Consult the website of the Ministère de l’Economie, des Finances, de l’Action et des Comptes publics.