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TAXATION ON DIVIDENDS FOR SHARES

NOT HELD IN A PEA (CONTINUED)

E D I T O R I A L T H E C O M P A N Y T H E T O T A L E N E R G I E S S H A R ET H E T A X A T I O N S H A R E H O L D E R R E L A T I O N S

THE TAX SYSTEM

OF YOUR COUNTRY

OF RESIDENCE ALSO APPLIES

In your country of residence, dividends distributed by TotalEnergies may be

taxed. However, a mechanism for preventing double taxation may have been

provided for by the tax treaty between France and your country of residence

or by the internal regulations.

You need to contact the tax authorities of your country of residence or your

f inancial advisor to obtain more information about your particular situation.

Your dividends are taxed at source at the rate of 30%, when the payment is made by

a Belgian bank or broker and, in principle, they don’t have to be mentioned on your tax

return. However, an exemption from withholding tax can be granted for dividends up

to €859 per year and per taxpayer in 2025. In practice, this exemption up to €859 can

then be requested via the annual tax return.

However, in the case of lower income, you can choose to report dividend income

in your income tax return to take into account the withholding tax and thereby obtain

reimbursement of any excess tax paid. Some types of income must be declared

in the tax return, such as dividend income, earned directly outside the country.

IN BELGIUM

A FEW EXAMPLES

NB The Belgian tax administration allows individual

shareholders to apply for a tax credit equal to 15 of the

dividend amount net of French withholding tax To benef it

from this tax credit you need to report the dividend amount

in the relevant page of your tax returns

Note that a new tax treaty signed on November 9 2021

between France and Belgium deletes this tax credit This will

be applicable only once the new treaty has been approved

and ratif ied by both countries