Fixed rate income tax paid as a flat tax
will become definitive, except if taxation
on a progressive scale is chosen.
Case 1: your dividends are subject to the 12.8% flat income
tax (PFU)
Example
A shareholder who in 2024 is entitled to a €3.01 dividend
per TotalEnergies share and who owns 500 shares not
held in a PEA, will receive a net dividend of €1,053.50.
A 30% flat tax, i.e. €451.50, will be withheld at source
(without any tax allowance or deduction of share
acquisition or retention costs) from the gross dividend
revenue of €1,505 (500 x €3.01).
Case 2: You can choose to have your dividends taxed under
the ordinary income tax regime (progressive scale).
• If you consider it more advantageous, you can choose
this option when filling out your annual income tax return.
• This option has to be done on an annual basis. The option
is irreversible and applies to all income that falls within
the scope of the PFU (i.e. including dividends and capital
gains on the sale of shares).
• Your dividends will be included in your annual income
after application of a 40% tax allowance and deduction
of the share acquisition and retention costs. They will be
subject to the progressive scale income tax rate applying
to all your annual income.
In both cases, the 12.8% flat rate levy withheld at source
on your dividends will be deducted from taxes due, and
any excess will be reimbursed to you.
1.2
Dividends must be reported
in your annual income tax return
Your dividends are considered as income and must be
reported in your annual income tax return, whatever
the taxation regime chosen (PFU or progressive scale).
In practice, your annual income tax return will be
prefilled with the information provided by your bank and
it will be up to you to check the amounts.
Dividends are subject
to social contributions
• These social contributions are withheld at source by
the bank (even when the shareholder is exempted from
the 12.8% income tax levy withheld at source). They are
applied to the gross dividend amount at the overall rate
of 17.2%
(1)
.
• However, 6.8% of the CSG is deductible from the taxable
income in the year of the payment, but only if you have
chosen to have your dividends subject to the ordinary
income tax regime progressive scale
NB Taxpayers registered with a social security regime
in the European Economic Area excluding France or in
Switzerland are exempt from CSG and CRDS but remain
subject to the new social security payment withheld at
the rate of 75
1.3
1.4
© V E R S I A N I A r i - T o t a l E n e r g i e s
1 CSG 92 CRDS 05 New social security payment 75
16 I 17