Taxation
1A tax-efficient investment regime defined by regulations The PEA was introduced in 1992. It is an incentive regime that allows taxpayers to own a portfolio of European shares that are not subject to income tax, provided that no withdrawals are made within a minimum period of five years as from the first payment. If this condition is met, dividends and capital gains are tax-free.
TotalEnergies shares are eligible for the classic PEA, whereas the securities of small and medium-sized enterprises or mid-cap companies can be registered in a PEA-PME.
A PEA can be opened with a bank by a person fiscally domiciled in France, with an investment limit of 150,000. This cap is 20,000 for a person between 18 and 21 years old (25 years old when the person is a student) attached to his / her parents tax household. Investments in the PEA must be made in cash, at any time, with no mandatory legal minimum.
N.B. When the holder of a classic PEA also holds a PEA- PME, the total investments into the two plans is capped at 225,000.
(1) Applies only to individual shareholders who are tax residents in France. (2) Shareholders who are tax residents in France must be aware that the information provided is simply a summary of the rules applicable to them according to the current tax law and that their specific situation will need to be examined with their tax advisor.
Acquisitions of securities in a PEA can only be financed with the cash available on this account. They must relate to eligible securities. TotalEnergies shares may appear in a PEA.
Shares held in a PEA are not eligible for Deferred Settlement Operations (SRD). Overdrafts are therefore unauthorized.
Capital losses on the sale of shares held in a PEA cannot be offset with capital gains on the sale of shares not held in a PEA, except when the PEA is closed.
The expenses related to the equity savings plan (particularly for opening, managing the account) and transfer have been capped by decree (see the public service website: www.legifrance.gouv.fr).
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