Equities - rates, eligibility, availability of relief etc. - France (securities held in BNP Paribas Securities Services)

18.05.2012

Withholding Tax

Standard rate of withholding tax:30%Holding requirements / restrictions:No

The rate of withholding tax on dividends from French equities depends on the equity type, as follows.

Ordinary equities:

The standard rate of withholding tax on dividends from ordinary French equities is 30%.

Eligible beneficial owners are, upon submission of the required certification, entitled to relief at source via the simplified procedure.

French SCRs:

A 30% withholding tax rate is applicable to distributions from a Société de Capital Risque (SCR - a French venture capital company) to non-resident investors when derived from capital gains realised by the SCR issued from exempted portfolio, and that would benefit from the specific long-term regime if the shareholder were a French company.

The simplified procedure is not available for such distributions but a standard refund of withholding tax is available for eligible beneficial owners through Clearstream Banking.

Availability of relief

Click on the image for a larger view of the diagram showing the availability of relief at source and/or reclaim of withholding tax on income from French equities.

Eligible beneficial ownersRelief at SourceQuick RefundStandard Refund
Residents of Double Taxation Treaty (DTT) countriesYesNoYes
EU/EEA-DTT resident individualsYesNoNo
EU parent companiesYesNoYes
Non-Profit OrganisationsYesNoYes
Particular Foreign entitiesYesNoYes
Foreign Collective Investment Vehicles (CIVs)YesNoNo