France: French Financial Transaction Tax (FTT) rate increase - Update
Note: This announcement, originally published on 27 February 2025, has been updated to clarify the impact on clients. Changes have been highlighted.
Clearstream Banking1 informs clients that, following the publication of Finance Law for 2025 in the Official Journal on 15 February 2025 through Law N°2025-127 dated 14 February 2025, the FTT rate will increase from 0.3% to 0.4% (art.98), effective
1 April 2025
the new 0.4% FTT rate must be used by clients on the acquisitions of impacted securities.
Impact on clients
The French market players are of the opinion that the settlement date of the transaction should be taken into account for the application of this new rate, i.e. the new rate will apply to transactions settled as of 1 April 2025. The French FTT Declaration template has been updated to reflect this change and must be used by clients as of the effective date.
Further information
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
