French Tax

French Tax

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We have a non-resident client who is resident in France.

If you are a non-resident, the maximum tax you pay on dividends is 10% which is covered by the 10% tax credit.

Does anyone know how these dividends will be taxed in France?
Gary

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By AnonymousUser
08th Dec 2005 11:13

Certainly taxable.....
France taxes worldwide income and under the DTA with this country must allow the recipient of a UK -source dividend the same 10% credit we get. But the net tax liability on the individual will depend on the size of his total income as France has a regime with echoes of ours, such as different tax bands and allowances. Gary could do worse than look at www.frenchentree.com which only sets out to provide a brief summary but does this well .
It does not appear to me that France has a rule which states that dividends will be taxed at 10% -and no more.


ANON

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