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⍰ ASK Are there reporting requirements for individuals with offshore accounts in France?

If you have money in offshore accounts and live in France, you have to tell the tax authorities about it. The yearly tax return has a section just for foreign bank accounts.

France follows a global rule called the Common Reporting Standard, where countries share financial info to stop tax dodging. If you dont follow the rules and report your offshore accounts, you could get fined.

You need to share details like the bank name and address as part of the reporting.
 

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