Hi, If anybody could help me with this. Total SA just paid dividend 0.68€ per share but I only got 0.49€ per share. That’s 27% less. I’ve heard that the tax on EU dividends for the UK residents is 15% but this seems much more. Thanks for your help guys

Hi @Martin , However I read: Dividends – Dividends paid by a French corporation to a nonresident shareholder are subject to a 28% withholding tax, unless a tax treaty provides for a lower rate. I believe all EU states have treaty for 10-15% Witholding tax, no?

@Xul We’re charging 28% because we’re also being charged 28% as the legal entity holding the assets on your behalf. The withholding tax rate for French-sourced dividends paid to non-resident beneficiaries is 28% for legal entities. We’re thinking of a workaround.

Hello @David , can you point to where this is stated? As I don’t see anything specific for company stating tax treaty don’t apply for company. I am interested as I also want to invest in some French companies. I was under impression only 15% would be taken.

@Vedran https://www.clearstream.com/clearstream-en/products-and-services/asset-services/tax-and-certification/c20002-1735756 A treaty does reduce this tax, we’re just still in the process of enabling this with our intermediaries.

@David Understand, hopefully it will get worked out. Legally however 15% is correct? So my guess is t212 can fill in for tax return or this will have to be done by individuals? Or you consider until t212 works on solution, 15% extra paid is lost capital?

Hi David, I have been looking at some French shares and came across this thread. Just wondering if you managed to implement a workaround yet? Many thanks Chris

@1Chris1 The current workaround is to add the the company’s stock that’s listed on a different exchange - like the example of Total on LSE.

Hi David, When is this workaround going to happen so you think? I mean airbus has two i.e France and Germany but not LSE. The same goes for several other stocks such as Total that you’ve just mentioned and a lot of all the US shares I’ve looked at so far. All these companies trade on the LSE. Is th…

@Kwabenanti2002 We can add the LSE listings if requested. If a company isn’t listed on the LSE, there’s nothing we can currently do to avoid this taxation issue.

Total (FP) dividend question

🤝 Help

cantuar April 4, 2020, 6:19pm 8

@David One workaround for UK residents is for Trading 212 to add the Total S.A. shares (TTA) being traded on the LSE to the platform to avoid the 28% French withholding tax.

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Total (FP) dividend question

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