The essential of the week: how to obtain an exemption from the fixed non-discharging levy? Inflation up sharply since October. Life insurance: positive inflows since the start of the year.


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Life insurance recorded a positive inflow in September 2022. Inflation increased by 6.2% in October 2022 year on year. The deadline for payment of the housing tax is set at November 15, 2022 for non-dematerialized payments and November 20, 2022 for dematerialized payments. Some taxpayers can obtain an exemption from the payment of the non-discharging flat-rate levy. The purchase of training via the personal training account now goes through FranceConnect+. The amicable agreement between France and Switzerland on the taxation of frontier and cross-border workers in terms of teleworking has been extended until December 31, 2022. The natural gas transmission system operator GRTgaz has launched a new tool to prevent voltages on the network.

Summary:

  • Life insurance: positive collection in September 2022
  • Inflation up sharply in October 2022
  • Housing tax: the payment deadline is approaching
  • Obtain an exemption from the non-discharging flat-rate levy
  • The more secure personal training account
  • Switzerland: extension of the agreement on the taxation of cross-border workers
  • Gas: a new tool to prevent tensions on the network

Life insurance: positive collection in September 2022

L’ life insurance recorded positive inflows in September 2022, at +500 million euros, according to data provided by the France Assureurs federation. However, this collection is much lower than that recorded in September 2021 (+1.8 billion euros). Since the start of 2022, net inflows amounted to +€12.6 billion, boosted by units of account (+27 billion euros), while funds in euros suffered an outflow (-14.4 billion euros). “Life insurance regained its positive momentum in September. This proves the confidence that the French people continue to place in this savings product suited to their life plans,” said Franck Le Vallois, Managing Director of France Assureurs.

Inflation up sharply in October 2022

Consumer prices increased by 6.2% in October 2022 year on year, after increasing by 5.6% in September 2022, according to the provisional estimate carried out by the National Institute of Statistics and Economic Studies ( INSEE). This rise in inflation would be mainly due to the acceleration in the prices of energy, food and manufactured goods, indicates INSEE. The government has taken several measures to limit the impact of inflation on the purchasing power, including a tariff shield to curb the rise in gas and electricity prices and an exceptional energy check of 100 to 200 euros paid in December 2022 to the most modest households.

Housing tax: the payment deadline is approaching

The deadline for paying the housing tax is set for November 15, 2022 for taxpayers paying by check or cash. For dematerialized payments (online payment on the tax website, by smartphone, monthly direct debit, etc.), the deadline is November 20, 2022. The same dates apply for the payment of the audiovisual contribution public, owed by the taxpayers whose second homes are equipped with a television. However, it is important to check on your tax notice, because another date may be indicated. A large majority of French people are already exempt from housing tax for their main residence and all of them will be in 2023.

Obtain an exemption from the non-discharging flat-rate levy

The single flat-rate levy, withheld by financial institutions on earnings from financial investments, is made up of the flat-rate non-discharging levy of 12.8% and social levies of 17.2%. Taxpayers whose reference tax income (RFR) for year N-2 is less than 25,000 euros for a single person and 50,000 euros for a couple are exempt from the non-discharging flat-rate deduction for interest. In terms of dividends, the exemption applies for an RFR of less than 50,000 euros for a single person and 75,000 euros for a couple. You must make the request to your bank before November 30, 2022.

The more secure personal training account

The purchase of training via the personal training account (CPF) is now done via FranceConnect+, a more secure version of FranceConnect using La Poste’s digital identity. The objective is to better fight against more and more CPF scams and frauds. Since 2019, training rights acquired during professional life are credited in euros and no longer in hours, up to a maximum of 5,000 euros. The requests for training courses have doubled between 2020 and 2021, with 2 million files validated. As of December 31, 2021, 21,000 training organizations offered approximately 420,000 training courses on the moncompteformation.gouv.fr platform.

Switzerland: extension of the agreement on the taxation of cross-border workers

The amicable agreement between France and Switzerland concerning the taxation of frontier and cross-border workers in terms of telework, concluded in 2020 during the health crisis, is extended one last time until December 31, 2022. Bilateral discussions to develop new rules are still ongoing and the two countries have set themselves the goal of reaching an agreement. definitive before the end of the year, indicates the Ministry of Economy and Finance in a press release. Under this amicable agreement, frontier and cross-border workers keep their tax regime even if they telework from home.

Gas: a new tool to prevent tensions on the network

The natural gas transmission network operator GRTgaz launched the Ecogaz online platform at the end of October 2022, allowing consumers to receive alerts in the event of tensions on the network. Thanks to five-day forecasts, the platform informs daily via a four-color code (green, yellow, orange, red). From code yellow, a moderation of consumption is desirable. And when the signal is orange or red, an email or SMS alert is sent to subscribers to encourage them to immediately reduce their consumption. A similar system exists for electricity, Ecowatt, managed by the electricity network manager RTE.

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