Tax News Update    Email this document    Print this document  

February 2, 2024
2024-0330

France's increase in minimum wage impacts requirements for multiple immigration permits

Effective 1 January 2024, the French minimum wage (SMIC) increased by 1.13%, impacting holders of multiple types of French immigration permits. French minimum wage is taken into account when determining the minimum gross salary that must be earned by third-country nationals (i.e., nationals of countries outside the EU and EEA) who seek to obtain certain French immigration permits. The SMIC French minimum wage is the statutory minimum hourly wage that must be paid to employees in France. The SMIC increases annually on 1 January and may be re-evaluated during the year based on inflation.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

* * * * * * * * * *
Attachment

Full text of Tax Alert

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement