Politics
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French lawmakers scrap proposed cap on retirees' tax deduction in 2027 budget
On Thursday, the National Assembly voted to eliminate the planned limit on the 10% tax deduction for pension incomes in the 2027 budget proposal.
Members of the French parliament rejected the budget clause that would have reduced the tax exemption ceiling for retirees. The amendment removing article 3 of the draft passed with 116 votes in favor and 30 against, despite the government's opposition. The change means the existing 10% deduction for pension income will remain unchanged for the upcoming fiscal year.
Why it matters
The repeal keeps retirees' current tax relief intact, affecting household finances and public revenue.
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budget 2027tax deductionretireesparliamentary amendmentFrance
