Tuesday, 10 July 2012

France considers new 3% contribution on dividends

Following a recent European Union Court of Justice decision (FIM Santander C-338/11 case, dated 10 May 2012), the French government is contemplating the repeal of the French withholding tax applicable to French-source dividends paid to foreign undertakings for collective investment in transferable securities (UCITS) and investment funds, in order to comply with European law.
Source & more info: Ernst & Young