Debt securities - rates, eligibility, availability of relief etc. - France (securities held in CBF)
Withholding Tax
| Standard rate of withholding tax: | 0% | Holding requirements / restrictions: | No |
No relief at source or reclaim of withholding tax on interest from French debt securities is available through LuxCSD.
The current standard rates of withholding tax on interest payments from French debt securities are as follows:
Government debt securities | 0% |
Corporate debt securities (not including corporate bonds issued before 1 January 1987 and redenominated in EUR on 1 January 1999) | 0% |
FCC units | 0% |
TCNNs (non-negotiable debt securities) | 0% |
Corporate bonds issued before 1 January 1987 and redenominated in EUR on 1 January 1999 (tax withheld at source directly by the issuer) | 12.8% / 15% |
Titres Participatifs (TPs) issued before 1 January 1987 (tax withheld at source directly by the issuer) | 12.8% / 15% |
Bonds issued before 1 January 1965 | 17% |
Availability of relief
Beneficial owners holding corporate bonds issued before 1 January 1987 and redenominated in EUR on 1 January 1999 or Titres Participatifs (TPs) issued before 1 January 1987 (for which the 15% tax was withheld at source directly by the issuer) may apply for a standard refund directly with the French Tax Authorities provided that they are eligible for a reduced tax rate according to a Double Taxation Treaty (DTT) signed between their country of residence and France.