A 25% withholding tax is levied on dividends paid to non-resident individuals or companies, subject to overriding treaty rates. The withholding tax on interest payments to non-residents is levied at various rates (see Section Resident Corporations), and the withholding tax on royalties is 331/3%. Sales of real property located in France are subject to a 331/3% withholding tax.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. For additional information contact Pierre Knoepfler on +33 (1) 46 93 70 00.