French General Tax Code
In force1. Subject to the provisions of 2, the rate of withholding tax provided for in article 119 bis is set at:
1° For beneficiaries who are legal persons or organisations, regardless of their form:
- 17% for interest on negotiable bonds; however, this rate is set at 15% for income referred to in 1° of article 118 and relating to securities issued on or after 1 January 1965 as well as for redemption lots and premiums referred to in 2° of article 118 and relating to securities issued on or after 1 January 1986;
The rate provided for in 2° of l'article 219 bis, for dividends that benefit bodies that have their registered office in a Member State of the European Union or in another State party to the Agreement on the European Economic Area that has entered into an administrative assistance agreement with France to combat tax evasion and avoidance and that would be taxed under the conditions provided for in 5 of Article 206 if they had their registered office in France;
- That provided for in the second paragraph of I of Article 219 for all other income.
2° 12.8% for individual beneficiaries.
2. The rate of the withholding tax provided for in 2 of article 119 bis is set at 75% for the products mentioned in articles 108 to 117 bis and paid outside France, in a non-cooperative State or territory within the meaning of article 238-0 A other than those mentioned in 2° of 2 bis of the same article 238-0 A, unless the debtor provides proof that the distributions of these products in this State or territory have neither the purpose nor the effect of allowing, for tax evasion purposes, their localisation in such a State or territory.
