&NewLine;<h1 class="wp-block-heading">HOW TO TRANSFER FUNDS WHEN YOU ARE AN EXPATRIATE</h1> &NewLine; &NewLine; &NewLine; &NewLine;<p>You are currently living abroad and would like to make a money transfer from France to the country you are currently in&quest; Account-to-account money transfers are simpler than they seem, depending on the type of account you have&period;</p> &NewLine; &NewLine; &NewLine; &NewLine;<h2 class="wp-block-heading">Bank to bank transfer</h2> &NewLine; &NewLine; &NewLine; &NewLine;<p>The process of repatriating money from abroad is not very complicated&period; You just need to follow a few simple steps to complete the process&period; <strong>Transferring funds from one bank to another is one of the options available to you&period;</strong> In fact&comma; it is perfectly possible to transfer your money from the bank in the country where you have settled to another bank in France&period; Or vice versa from a French bank to a bank abroad&period; How to go about it&quest; The operation is even simpler&comma; if you only have a bank account with cash on deposit&period; Similarly&comma; the transfer will be quick and easy if your bank is present both in your host country and in France&period; Otherwise&comma; you can open an account in a foreign bank and transfer your savings there&period; <strong>Attention &excl;</strong> This process is governed by the laws of the country where you live&period; bear in mind that this may delay the operation&comma; due to the formalities to be completed in your host country&period;</p> &NewLine; &NewLine; &NewLine; &NewLine;<h2 class="wp-block-heading">Statement of account</h2> &NewLine; &NewLine; &NewLine; &NewLine;<p>However&comma; <strong>you are obliged to declare the existence of your foreign account to the French tax authorities&period; </strong>If you decide not to close it&period; One of the first things you need to do on your return to France is to contact the tax authorities to make sure you are in good standing with the French administration&period; Failure to make this declaration exposes you to sanctions and penalties&period; In the case of cash, you risk a fine of €1,500 or €10,000, depending on the country in which the account is held;you will also have to pay back the taxes you owe&period; plus a penalty of 40 &percnt;&comma; plus a late payment interest rate of 4&&comma;80 &percnt; per year&period;</p> &NewLine; &NewLine; &NewLine; &NewLine;<h2 class="wp-block-heading">How your assets are&rsquo&semi;taxed&ThinSpace;&quest;</h2> &NewLine; &NewLine; &NewLine; &NewLine;<p>The tax department will deduct tax from the funds you have repatriated to France&period; However&comma; they will benefit from a flat-rate allowance of 21 &percnt; or 24 &percnt;&period; They will also be subject to social security deductions of 15&comma;5 &percnt;&period; If the tax authorities in your host country have already made a deduction from your income, you may also benefit from a tax credit. The terms and conditions of these tax credits are defined in the agreements signed between France and the host country;</p> &NewLine;
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