Equities - rates, eligibility, availability of relief etc. - France (securities held in BNP Paribas S.A.)
Withholding Tax
| Standard rate of withholding tax: | 25%a | Holding requirements / restrictions: | No |
a. 30% until 31 December 2019, 28% until 31 December 2020, 26.5% until 31 December 2021 and 25% as of 1 January 2022.
The rate of withholding tax on dividends from French equities depends on the equity type, as follows.
Availability of relief
Since 10 April 2018, Clearstream Banking AG (CBF) has become withholding agent and no relief at source is available through BNP Paribas S.A. (BNP) any longer. Only standard refund on dividend payments made by BNP until 9 April 2018 are available through BNP.
| Eligible beneficial owners | Relief at Source | Quick Refund | Standard Refund |
Residents of Double Taxation Treaty (DTT) countries | N/A | No | Yes |
Foreign individuals | N/A | No | Yes |
EU parent companies | N/A | No | Yes |
Non-Profit Organisations | N/A | No | No |
Particular Foreign entities | N/A | No | Yes |
Foreign Collective Investment Vehicles (CIVs) | N/A | No | No |