Equities - rates, eligibility, availability of relief etc. - France (securities held in CBF)

04.02.2021

Withholding Tax

Standard rate of withholding tax:26.5%aHolding requirements / restrictions:

No

a. 30% until 31 December 2019 and 28% until 31 December 2020.

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:

  • 26.5% for all undisclosed entities;
  • A 12.8% standard rate applies to foreign individuals.

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

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) countries

Yes

Yes

Yes

Foreign individuals

Yes

Yes

Yes

Foreign Collective Investment Vehicles (CIVs)

Yes

Yes

Yes

EU parent companies

Yes

Yes

Yes

Not-for-Profit Organisations

Yes

Yes

No

Foreign exempt entities

Yes

Yes

No

Particular Foreign entities

Yes

Yes

Yes

French resident (direct customer)

Yes

Yes

No