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 128 withholding tax on your dividends Subject

to applicable tax treaties this rate is increased to 75

for dividends paid outside of France in a noncooperative

country or territory NCCT as defined by the French Tax

Code Article 2380 A

The 128 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 128 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 Nonresidents

Service des impôts des particuliers nonrésidents

10 rue du Centre Tsa 10010

93465 NoisyleGrand Cedex France

NB Forms 5000 and 5001 and their instructions are

available on the French tax administrations website at

wwwimpotsgouvfr

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