About Internago
Internago offers subsidiary management, HR and international payroll services combined with international payroll software and professional business advisory services.
The French Republic is a member of the European Union and the Eurozone, UN, the Group of Seven, the G20, NATO, the OECD and La Francophonie.
Its nominal GDP in 2021 was 2.938 trillion USD, which makes it the seventh largest economy in the world. Its Human Development Index is at 0.901, which is categorized as very high, with a global ranking of 11th.
Capital Paris |
Currency Euro (EUR) |
Languages spoken French |
Population size (2020) 67,39 million |
Ease of doing business (world bank ranking) 32 |
Cost of living index(2021) 80,62 |
Payroll frequency Monthly |
VAT - standard rate 20% |
GDP - real growth rate(2020) -7,86% |
Date | Holiday Name |
1 January |
New Years Day |
29 Mars |
Good Friday |
1 April |
Easter Monday |
1 May |
Labour Day / May Day |
8 May |
Victory Day |
9 May |
Ascension Day |
19 May |
Whit Sunday |
20 May |
Whit Monday |
14 July |
Bastille Day |
15 August |
Assumption of Mary |
1 November |
All Saints Day |
11 November |
Armistice Day |
25th December |
Christmas Day |
26th December |
St Stephen’s Day |
Minimum wage |
The statutory nationwide minimum wage (known as SMIC) in France is 10.25 euro (gross) per hour, which equals 1.554.58 euro (gross) per month for the standard 35-hour work week. For a 39 hour work week it amounts to 1.776.58 euro (gross) per month, which includes a 10% increase for the overtime hours. |
Salary payouts |
Salaries are most commonly paid out at the end of the month, but at the latest on the last day of the month. Some employers do however have a custom to pay out salaries at different times in the month. |
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in France.
Employer |
Corporate income tax rate : 26.5% (companies with a turnover below 250 million euro) or 27.5% (companies with a turnover above 250 million euro). |
Health, Maternity, Disability, Death : 13.00% |
|
Autonomy Solidarity Contribution : 0.30% |
|
Old Age Insurance : 8.55% (ceiling of 3,311 EUR) |
|
Family Benefits : 2.45% - 5.25% |
|
Unemployment (ceiling of 13,244 EUR) : 4.05% |
|
AGS (Wage Guarentee Insurance) : 0.15% |
|
Total cost for employer : 28.5 - 31.3% |
Employee |
Old Age Insurance : 7,15% (8,65% if the employee is between 53-62 years old) |
Health insurance : 6.90% (ceiling of 3,311 EUR) |
|
Social Security Surcharge : 9.20% |
|
Total Employee Cost : 16.10% |
Internago offers subsidiary management, HR and international payroll services combined with international payroll software and professional business advisory services.