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IF IT IS MORE ADVANTAGEOUS FOR YOU, YOU CAN CHOOSE TO HAVE YOUR CAPITAL GAINS TAXED UNDER

THE ORDINARY INCOME TAX REGIME (PROGRESSIVE SCALE)

This choice can be made when you fill out your tax return. This option applies to a single year.

The option is irreversible and applies to all the income that falls within the scope of the PFU (i.e. including dividends and capital gains on the sale of shares).

Under this option, capital gains subject to income tax can benefit from a tax allowance based on the holding period of the shares, provided that the shares sold were acquired before January 1, 2018. The tax allowance rate is as follows:

HOLDING PERIOD ALLOWANCE

Less than 2 years 0%

Between 2 and 8 years 50%

More than 8 years 65%

The holding period is counted from the date on which the shares were acquired.

N.B. The allowance does not apply to shares bought as from January 1, 2018.

CAPITAL GAINS MUST BE REPORTED IN YOUR ANNUAL TAX RETURN

Your capital gains are considered as income and must be reported in your annual tax return, whatever the taxation regime chosen.

If your bank does not calculate them for you, you are responsible for doing so and for reporting the results in your tax return.

CAPITAL GAINS ON THE SALE OF SHARES ARE SUBJECT TO SOCIAL CONTRIBUTIONS

Capital gains are subject to social contributions at an overall rate of 17.2%.

Social contributions are due on the net capital gain (i.e. capital gain offset by capital loss of the same nature incurred during the same year or the last 10 years), without any allowance for holding period.

The amounts due are determined by assessment (on the basis of the 2023 tax return that you will fill out in 2024; the tax authorities will send you an assessment of the amounts due).

For capital gains realized in 2023, 6.8% of the CSG is deductible from the total taxable income of the year the CSG is paid, provided election is made for taxation under the ordinary income tax regime (progressive scale).

Taxpayers who elected in the past for the deferral of taxation of capital gains on the sale of shares are taxed at the 12.8% flat rate at the end of the deferral period except if they opt to be taxed under the ordinary income tax regime progressive scale. In this last case, tax applies on capital gains with no adjustment for monetary erosion.

If your TotalEnergies shares are pure registered, Société Générale Securities Services which keeps them will communicate the amount of the gain (or loss) to be reported in your tax return.

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