Sunday Driver Posted April 22, 2008 Share Posted April 22, 2008 [quote user="magaret"][quote user="Sunday Driver"] You can keep your eyes open as long as you like - there is no such thing as the official rate. Follow the link that Ron kindly posted for you - it takes you to a current thread where the matter of rates is being discussed. [/quote] Chessfou post says different Or am i reading it wrong?[/quote]Yes you are.The actual text posted from the French Impots says it's the exchange rate on the day of receipt, so that's the legal position. The undocumented practice of certain local tax offices in permitting the single end of year rate to be used purely an unofficial one. That's why there will be no announcement of an 'official' rate..... Link to comment Share on other sites More sharing options...
Cat Posted April 22, 2008 Share Posted April 22, 2008 The easiest way to find out the rate of exchange to use for your tax returns is to phone your local tax office in France for the official figure, as several have already pointed out though, it doesn't yet seem to have been made available.The easiest way to avoid being hexed by the mods is to make sure that posts don't stray too far from the Code of Conduct. Unlike the rate of exchange figure, this is already available, here... http://www.completefrance.com/cs/forums/465569/ShowPost.aspx Link to comment Share on other sites More sharing options...
suein56 Posted April 22, 2008 Share Posted April 22, 2008 [quote user="Sunday Driver"]You can keep your eyes open as long as you like - there is no such thing as the official rate. Follow the link that Ron kindly posted for you - it takes you to a current thread where the matter of rates is being discussed. [/quote]But you said there was an official rate on one of your posts on that very link:**However, the practicality of retrospectively calculating this for regular income such as pensions means that local tax offices may normally consider accepting the official exchange rate as at the end of the tax year, or they may set their own rate.**Sue - now very confused [8-)] Link to comment Share on other sites More sharing options...
Sunday Driver Posted April 22, 2008 Share Posted April 22, 2008 SueSorry if that was confusing.The end of year exchange rate (ie, as at 31 December) is official in that it's the actual published rate on that day. It's not a rate that is set by tax law for the purpose of calculating foreign earnings across the whole year. The tax offices may exercise some leeway in accepting a reasonable composite rate, and that's often the 31 December figure - but not necessarily.I didn't want to see people waiting patiently for some specific exchange rate to be officially announced for tax purposes.... Link to comment Share on other sites More sharing options...
suein56 Posted April 22, 2008 Share Posted April 22, 2008 [quote user="Sunday Driver"]SueSorry if that was confusing.[/quote]No problem, I am easily confused ... [:)]Sue Link to comment Share on other sites More sharing options...
Bugsy Posted April 22, 2008 Author Share Posted April 22, 2008 [quote user="spg"] No problem, I am easily confused ... [:)]Sue [/quote] You and me both, welcome to the club Sue............................................... Link to comment Share on other sites More sharing options...
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