You must report to the tax authority accounts opened, held, used (at least once) or closed in the year abroad.

You must declare accounts opened abroad with a bank or any other organization or person (notary, stockbroker, etc.).

On the other hand, the reporting obligation does not concern the account you hold abroad that fills out the three following conditions :

• The purpose of the account is to make online purchase payments or cash receipts for sales of goods
• The opening of the account implies the holding of another account opened in France and to which it is backed
• The amount of annual receipts credited to this account for sales you make does not exceed 10,000. €

You must declare your accounts open, used or closed abroad if you are a individual, a association or a non-commercial business.

You have an obligation to declare, whether you are incumbent of an account or beneficiary of an power of attorney to use the account.

You are not required to report accounts opened abroad in one of two cases:

• You are an individual and you are not required to report your income
• You are an association that, having no taxable income, is not required to file a tax return.

You must complete, date and sign the following declaration:

2024 Reporting of Accounts Opened, Used or Closed Abroad

You must attach this document to your income tax return every year.

If you forget or include inaccurate information in the return, you may be fined €15 by omission or inaccuracy. The total fines applicable to the documents that you must submit at the same time cannot be less than €60 not greater than €10,000.

If you do not report one of your accounts abroad, you may be fined €1,500 by undeclared account.

If the account is located in a State that has not concluded an agreement with France to combat tax evasion and avoidance, the fine will be €10,000 per account.