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 2012, 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 (%)
Albania1513
Algeria1513
Andorra1513
Argentina1513
Armenia1513
Australia1513
Austria1513
Azerbaijan1018
Bahrain028
Bangladesh1513
Belarus1513
Belgium1513
Benin300
Bolivia1513
Bosnia-Herzegovinab1513
Botswana1216
Brazil1513
Bulgaria1513
Burkina Faso300
Cameroon1513
Canada1513
Central African Republic300
Chile1513
China1018
Congo208
Croatia1513
Cyprus1513
Czech Republic1018
Ecuador1513
Egypt028
Estonia1513
Ethiopia1018
Finland028
French Polynesia300
Gabon1513
Georgia1018
Germany1513
Ghana1513
Greece300
Guinea1513
Hong Kong1018
Hungary1513
Iceland1513
India1018
Indonesia1513
Iran208
Ireland1513
Israel1513
Italy1513
Ivory Coast (Côte d'Ivoire)1513
Jamaica1513
Japan1018
Jordan1513
Kazakhstan1513
Kenya1018
Korea, Republic of1513
Kuwait028
Latvia1513
Lebanon028
Libya1018
Lithuania1513
Luxembourgc1513
Madagascar253
Malawid300
Malaysia1513
Mali300
Malta1513
Mauritania300
Mauritius1513
Mexico1513
Moldova, Republic of1513
Monaco300
Mongolia1513
Montenegrob1513
Morocco1513
Namibia1513
Netherlands1513
New Caledonia1513
New Zealand1513
Niger300
Nigeria1513
North Macedonia1513
Norway1513
Oman028
Pakistan1513
Panama1513
Philippines1513
Poland1513
Portugal1513
Qatar028
Quebec1513
Romania1018
Russia1513
Saint-Martin1513
St. Pierre and Miquelon15 / 5e13 / 23
Saudi Arabia028
Senegal1513
Serbiab1513
Singapore1513
Slovak Republicf1018
Slovenia1513
South Africa1513
Spain1513
Sri Lanka300
Sweden1513
Switzerland1513
Syria1513
Taiwan1018
Thailand300
Togo300
Trinidad and Tobago1513
Tunisia300
Turkey208
Turkmenistan1513
Ukraine1513
United Arab Emirates028
United Kingdom1513
United States of America1513
Uzbekistan1018
Venezuela523
Vietnam1513
Zambiad300
Zimbabweg1513

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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.