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⍰ ASK Are there specific tax implications for individuals holding offshore accounts in France?

If you are in France and have money in offshore accounts, you need to tell the tax people about it. French tax authorities want to know about all your income and assets worldwide including offshore money.

Not sharing this info can mean getting fined. There a global rule called the Common Reporting Standard (CRS) that makes countries share financial info stopping tax dodging.

French resident also have to report foreign bank accounts in their yearly tax return, giving details like the bank name and address.
 

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