Equities - Double Taxation Treaties concluded by France and currently in force (securities held in CBF)

21.04.2020

Note: Clearstream Banking provides these rates for information purposes only and does not guarantee that this information is correct, complete and accurate. Clearstream Banking does not assume liability for any damages, direct or indirect, that may arise from the reliance on or the use of this information. The rate as prescribed in the DTT assumes that the beneficial owner does not hold a substantial percentage of the share capital of the company paying the dividend. Different rates may apply for substantial holdings. Please refer to the actual DTT or your tax advisor for further information.

The standard rate of withholding tax on dividends is, as of 1 January 2019, 28% before any refund (30% before 1 January 2019, 25% before 1 January 2012).

The prescribed forms for tax refunds are, in all cases, Forms 5000 & 5001.

CountryRate prescribed
by the DTT -
Dividends (%)a
Tax refund
available (%)

Albania

15

13

Algeria

15

13

Andorra

15

13

Argentina

15

13

Armenia

15

13

Australia

15

13

Austria

15

13

Azerbaijan

10

18

Bahrain

0

28

Bangladesh

15

13

Belarus

15

13

Belgium

15

13

Benin

30

0

Bolivia

15

13
Bosnia-Herzegovinab

15

13

Botswana

12

16

Brazil

15

13

Bulgaria

15

13

Burkina Faso

30

0

Cameroon

15

13

Canada

15

13

Central African Republic

30

0

Chile

15

13

China

10

18

Congo

20

8

Croatia

15

13

Cyprus

15

13

Czech Republic

10

18

Ecuador

15

13

Egypt

0

28

Estonia

15

13

Ethiopia

10

18

Finland

0

28

French Polynesia

30

0

Gabon

15

13

Georgia

10

18

Germany

15

13

Ghana

15

13

Greece

30

0

Guinea

15

13

Hong Kong

10

18

Hungary

15

13

Iceland

15

13

India

10

18

Indonesia

15

13

Iran

20

8

Ireland

15

13

Israel

15

13

Italy

15

13

Ivory Coast (Côte d'Ivoire)

15

13

Jamaica

15

13

Japan

10

18

Jordan

15

13

Kazakhstan

15

13

Kenya

10

18

Korea, Republic of

15

13

Kuwait

0

28

Latvia

15

13

Lebanon

0

28

Libya

10

18

Lithuania

15

13
Luxembourgc

15

13

Madagascar

25

3
Malawid

30

0

Malaysia

15

13

Mali

30

0

Malta

15

13

Mauritania

30

0

Mauritius

15

13

Mexico

15

13

Moldova, Republic of

15

13

Monaco

30

0

Mongolia

15

13
Montenegrob

15

13

Morocco

15

13

Namibia

15

13

Netherlands

15

13

New Caledonia

15

13

New Zealand

15

13

Niger

30

0

Nigeria

15

13

North Macedonia

15

13

Norway

15

13

Oman

0

28

Pakistan

15

13

Panama

15

13

Philippines

15

13

Poland

15

13

Portugal

15

13

Qatar

0

28

Quebec

15

13

Romania

10

18

Russia

15

13

Saint-Martin

15

13

St. Pierre and Miquelon

15 / 5e13 / 23

Saudi Arabia

0

28

Senegal

15

13
Serbiab

15

13

Singapore

15

13
Slovak Republicf

10

18

Slovenia

15

13

South Africa

15

13

Spain

15

13

Sri Lanka

30

0

Sweden

15

13

Switzerland

15

13

Syria

15

13

Taiwan

10

18

Thailand

30

0

Togo

30

0

Trinidad and Tobago

15

13

Tunisia

30

0

Turkey

20

8

Turkmenistan

15

13

Ukraine

15

13

United Arab Emirates

0

28

United Kingdom

15

13

United States of America

15

13

Uzbekistan

10

18

Venezuela

5

23

Vietnam

15

13
Zambiad

30

0

Zimbabweg

15

13

-----------------------------
a. Only the most common rate for legal entities is shown in this column. Other rates may apply in particular cases.
b. The DTT with the former Socialist Federal Republic of Yugoslavia applies. France continues to apply the former Yugoslavia treaty of 28 March 1974 in relations with Serbia and Montenegro. In practice, Serbia and Montenegro generally continues to apply the former conventions.
c. The DTT with Luxembourg does not apply to 1929 Holding Companies.
d. The DTT between France and the United Kingdom (1950) was extended to Malawi and Zambia by exchange of Notes.
e. 15% for individuals; 5% for legal entities.
f. The DTT with the former Czechoslovakia applies. France continues to apply the fomer Socialist Republic of Czechoslovakia treaty of 1973 in relations with the Slovakian Republic. The Czech Republic new DTT with France came into force on 1 January 2006.
g. All payments for Zimbabwe residents are blocked as of 21 February 2002 on annually renewable basis.