Do I have to report accounts opened abroad?

Verified 06 February 2023 - Directorate for Legal and Administrative Information (Prime Minister)

Do you live in France (metropolis, Guadeloupe, Martinique, French Guiana, Reunion) or Monaco and have accounts open abroad? You must report them to the tax authority. What do you have to declare? How do you file your return? What are you risking if you don't report these accounts? Here's the information you need to know.

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.).

The digital asset accounts are also affected by this obligation.

You must also report life insurance contracts.

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

You are required to report whether you hold an account or have a power of attorney to use the account.

You must complete, date and sign the following declaration:

2022 Reporting of Accounts Opened, Used or Closed Abroad

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

Please note

Only one return is required if you share ownership of the account with your spouse. This also applies if you have a power of attorney on your spouse's account.

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.