I N B R I E F

• Dividends are paid to you after

a 30% f lat tax withheld at source

on their gross amount

(so-called "Prélèvement

Forfaitaire Unique", od "PFU").

This tax includes:

- various social contributions

at a global rate of 17.2%.

- personal income tax at a rate

of 12.8%.

• This 12.8% income tax on

your dividends will be full and

def initive except if, when f illing

out your annual tax return,

you choose to have all of your

dividends and capital gains taxed

on a progressive scale. The 12.8%

levy withheld at source will be

then considered as an advance

payment that will be deducted

from the global income tax due.

Ant excess will be reimbursed

to you.

• If you meet the eligibility

conditions, you can be exempted

from the 12.8% levy withheld

at source, provided you make the

request for it within the time limit.

• Your dividends must be reported

on your annual income tax return.

© MISC