Taxes: These 4 Surprising Elements You Didn’t Know About Tax Payments

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Unexpected means of payment and colossal amounts of money to process: The latest report from the Financial Sector Advisory Committee has revealed unexpected details about tax administration.

Author MoneyVox,

Several hundred billion euros pass through the accounts of the General Directorate of Public Finance, or DGFiP, each year. Money paid by individuals and professionals on a multitude of taxes: income tax, MFIs, property tax, housing tax… In its annual report, the Advisory Committee on the Financial Sector (CCSF) provides some numbers and startling information about paying the State Treasury. Discover the 4 most amazing elements.

1. You can pay taxes in cash

Cash is a payment method that is still often used in everyday life. But did you know that you can use coins and banknotes to pay taxes? To facilitate access to this payment method, the tax administration has partnered with tobacco companies. They can collect money on behalf of the State Treasury for all tax bills less than 300 euros. Please note, however, it is forbidden to send cash by mail, not to mention the risk of loss.

2. Tax administration concentrates 45% of transfers

The State Treasury collects hundreds of billions of euros annually on behalf of the state in respect of VAT, income tax, property tax and company tax. Enormous sums of money, which explain, in particular, that 45% of transfers made in France are related to DGFiP. Thus, in terms of the number of transactions, this is almost half of the total number of transfers issued by all individuals and legal entities in the country that belong to the tax authorities. The CCSF concludes its analysis by adding that this proportion represents “almost the same in terms of sampling”.

See also: Taxes: who to contact for free to declare your income without errors?

3. Checks still resist dematerialization

Faced with bank cards, instant transfers or even mobile payments, check usage is declining in France. And despite the decline in its use by 10-15% per year, this payment method is still popular among taxpayers. As evidence, according to a report by the Financial Sector Advisory Committee, DGFiP processes about 100 million checks. A payment method that remains important for all households that don’t have digital tools and that the tax administration absolutely wants to keep. This wish was confirmed by the CCSF, which talks about the inclusion and importance of keeping “other means of payment – ​​checks and cash – for those who do not have access to digital services.”

Good to know: Households that do not have an internet connection or are unable to use it can contact the service bureau in France to be accompanied by an agent for all procedures related to the services.

4. Income tax is not the first tax income

Contrary to what one might think, income tax is not the main source of funding for the state treasury. In fact, this tax ranks only second in the ranking, ahead of the VAT paid on purchases by individuals. In terms of amount, about 200 billion euros is due to VAT versus 100 billion euros for income tax. Third place in the ranking is corporate tax, which still brings in 70 billion euros per year. And if we include taxes in this list, income tax falls again, behind CSG, which received about 120 billion euros in tax revenue.