Euro exchange rate for income tax returns

THE end of May sees the deadline for the submission of details about your income to the French tax authorities.

If you make your declaration online then you have a little longer, and if you are already registered in the system and employed, then it could be just a case of checking the figures.

Your first port of call with any questions should be your Trésor Public as they will be able to supply you with the latest advice, you can search for Trésor Public offices here.

But what do you do about income you have received from overseas and especially if you need to convert it to euros?

Using figures from the Banque de France is acceptable and they supply details of the average for the euro exchange rate from the past two years.

Other currencies are available on the Banque de France website in a .csv format.

Comments

[Phil Voice]

This is brilliant...thanks Craig.

I asked my accountant about how to calculate the monthly exchange rate for micro-enterprise submissions and all he could tell me was that they get monthly rates sent to them.

Now I can see what the monthly averages are quickly without guessing.

[Craig McGinty]

Glad I could help ;-)

[Lesley]

At our local Tax Office last Friday, where they helped us fill in our form for 2009, for Sterling the rate was given as 1.087 (or 0.9199 if you prefer it that way around).

[Sue Morrison]

Craig,
Which departement do you live in? It seems to vary, so we would all be wise to phone our own Tax Office and use either that or the generally published rate, whichever is most advantageous. When in Rome....

[Craig McGinty]

Hi Sue, I am in the Dordogne, and as you highlight there seems to be no real agreed figure to use. People can track down their local Tresor Public through the link above and hopefully get a definitive explanation.
All the best, Craig

[Geoff]

When I telephoned the French national tax helpline number a couple of years ago they told me to use the Bank of France exchange rate for 31st December.