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

09.04.2021

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 2021, 26.5% before any refund (28% before 1 January 2021 and 30% before 1 January 2020).

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

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

Albania

15

11.5

Algeria

15

11.5

Andorra

15

11.5

Argentina

15

11.5

Armenia

15

11.5

Australia

15

11.5

Austria

15

11.5

Azerbaijan

10

16.5

Bahrain

0

26.5

Bangladesh

15

11.5

Belarus

15

11.5

Belgium

15

11.5

Benin

30

0

Bolivia

15

11.5
Bosnia-Herzegovinab

15

11.5

Botswana

12

14.5

Brazil

15

11.5

Bulgaria

15

11.5

Burkina Faso

30

0

Cameroon

15

11.5

Canada

15

11.5

Central African Republic

30

0

Chile

15

11.5

China

10

16.5

Congo

20

6.5

Croatia

15

11.5

Cyprus

15

11.5

Czech Republic

10

16.5

Ecuador

15

11.5

Egypt

0

26.5

Estonia

15

11.5

Ethiopia

10

16.5

Finland

0

26.5

French Polynesia

30

0

Gabon

15

11.5

Georgia

10

16.5

Germany

15

11.5

Ghana

15

11.5

Greece

30

0

Guinea

15

11.5

Hong Kong

10

16.5

Hungary

15

11.5

Iceland

15

11.5

India

10

16.5

Indonesia

15

11.5

Iran

20

6.5

Ireland

15

11.5

Israel

15

11.5

Italy

15

11.5

Ivory Coast (Côte d'Ivoire)

15

11.5

Jamaica

15

11.5

Japan

10

16.5

Jordan

15

11.5

Kazakhstan

15

11.5

Kenya

10

11.5

Korea, Republic of

15

11.5

Kuwait

0

26.5

Latvia

15

11.5

Lebanon

0

26.5

Libya

10

16.5

Lithuania

15

11.5
Luxembourgc

15

11.5

Madagascar

25

1.5

Malawid

30

0

Malaysia

15

11.5

Mali

30

0

Malta

15

11.5

Mauritania

30

0

Mauritius

15

11.5

Mexico

15

11.5

Moldova, Republic of

15

11.5

Monaco

30

0

Mongolia

15

11.5
Montenegrob

15

11.5

Morocco

15

11.5

Namibia

15

11.5

Netherlands

15

11.5

New Caledonia

15

11.5

New Zealand

15

11.5

Niger

30

0

Nigeria

15

11.5

North Macedonia

15

11.5

Norway

15

11.5

Oman

0

26.5

Pakistan

15

11.5

Panama

15

11.5

Philippines

15

11.5

Poland

15

11.5

Portugal

15

11.5

Qatar

0

26.5

Quebec

15

11.5

Romania

10

16.5

Russia

15

11.5

Saint-Martin

15

11.5

St. Pierre and Miquelon

15 / 5e

11.5 / 21.5

Saudi Arabia

0

26.5

Senegal

15

11.5
Serbiab

15

11.5

Singapore

15

11.5
Slovak Republicf

10

16.5

Slovenia

15

11.5

South Africa

15

11.5

Spain

15

11.5

Sri Lanka

30

0

Sweden

15

11.5

Switzerland

15

11.5

Syria

15

11.5

Taiwan

10

16.5

Thailand

30

0

Togo

30

0

Trinidad and Tobago

15

11.5

Tunisia

30

0

Turkey

20

6.5

Turkmenistan

15

11.5

Ukraine

15

11.5

United Arab Emirates

0

26.5

United Kingdom

15

11.5

United States of America

15

11.5

Uzbekistan

10

16.5

Venezuela

5

21.5

Vietnam

15

11.5
Zambiad

30

0

Zimbabweg

15

11.5

-----------------------------
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 former 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.