France Issues Guidance on the Tax Treatment of Professional Expenses Related to Teleworking

The French Ministry of Economy and Finance has issued guidance on the tax treatment of professional expenses incurred in 2020 in relation to teleworking. This includes that allowances paid by employers to cover the costs of teleworking at home are generally exempt from income tax, including lump-sum reimbursements and reimbursement of actual costs. Employers are responsible for identifying such allowances in information sent to the tax authorities. The amount of taxable income pre-filled on …