French Southern Territories Information about minimum wage and taxes.

The French Southern Territories are an overseas community of France and are subject to the French legal system. Therefore, minimum wage and tax practices are determined according to French law. In France, the minimum wage has a floor called "smic". As of 2021, smic hourly gross wage is determined as

10.25 euros. This corresponds to a gross wage of approximately 1,554 euros for 35 hours of working time per week. However, since the cost of living for residents of the French Southern Territories may be higher, the smic fee may be adjusted according to the financial and social conditions of the region. Tax practices for the French Southern Territories are also similar to those applicable in France. Residents of the French Southern Territories are subject to French tax laws and must pay income tax, social security contributions and other taxes in France. The French tax system is an income-based system. Tax deductions are made at different rates depending on the income level. Additionally, social security contributions are calculated based on income. Tax rates in the French Southern Territories may be the same or differ from rates on the French mainland. Therefore, it is recommended to contact the French fiscal authorities or a tax advisor to get precise information about tax payments and rates.

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