Six months after the start of the withholding tax, the tax authorities made their calculations. From Wednesday July 24, the administration will pay 2.5 billion euros to three million households. These are the regularizations of tax credits.
There will be the happy and the unhappy. The tax authorities begin Wednesday July 24 to regularize tax credits. Thus, 2.5 billion euros will be returned to three million taxpayers. This concerns people who have had a tax credit or reduction for the year 2018. An amount that will come in addition to that already paid by the tax administration in January. The reason for this tax gift: the administration was based on the latest data available from 2017. However, in 2018, the situation of taxpayers may have changed. A larger amount than expected will be transferred.
An average reimbursement of 400 euros
But not everyone is a winner: 1.7 million tax households will have to repay part of the advance received in January, before September 15. The average reimbursement amounts to 400 euros. According to Bercy, this bad news concerns rather the highest incomes. To avoid this problem in the future, it will be possible from this fall to manage the advance received from the tax website.