2 You are a foreign tax resident YOUR DIVIDENDS ARE SUBJECT TO A WITHHOLDING TAX IN FRANCE
Dividends paid to an individual shareholder who is not a tax resident in France are subject to withholding tax in France. Provided that applicable formalities are complied with in accordance with the administrative guidelines issued by the French tax authorities, the paying financial institution will levy a 12.8% withholding tax on your dividends. Subject to applicable tax treaties, this rate is increased to 75% for dividends paid outside of France in a non-cooperative country or territory (NCCT), as defined by the French Tax Code (Article 238-0 A).
The 12.8% withholding tax can be reduced or even eliminated if there is a tax treaty between France and your country of residence.
In order to benefit directly from the rate of 12.8% or the rate of the tax treaty if it is more favorable (instead of the standard rate of 25% as of 2022) you can fill out a certificate of tax residency (Form 5000), have it
stamped by your country s tax authorities, then send it before the dividend is paid to the institution paying your dividends (usually your bank).
Or you can ask for the reimbursement of the overpaid withholding tax before December 31 of the second year following the date of payment of the dividend. You will need to fill out a certificate of tax residency (Form 5000) and Form 5001, have them stamped by the paying institution and the tax authorities of your country of residence, and send them signed to the French Tax Service for Non-residents: Service des impôts des particuliers non-résidents 10 rue du Centre - Tsa 10010 93465 Noisy-le-Grand Cedex France
N.B. Forms 5000 and 5001 and their instructions are available on the French tax administration s website at www.impots.gouv.fr.
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MAGENTA YELLOWCYAN
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Date : 26/05/2021
Shareholder s Guide I Issue 2022