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Dividend tax · United States investor → France dividends

United States investor receiving France dividends: 15% withholding

If you're a United States resident receiving dividends from a France-domiciled company, the France tax authority withholds 15% at source under 1994 US-France Tax Treaty (as amended 2009 Protocol), Article 10. The statutory non-treaty ceiling is 25% — the bilateral treaty saves you 10 percentage points. Verified 2026-04-19.

Per $100 gross dividend
$85.00 net
$15.00 withheld at source
Treaty rate
15%
vs 25% statutory (saves 10pp)
Verification state
verified
last verified 2026-04-19

Treaty reference

1994 US-France Tax Treaty (as amended 2009 Protocol), Article 10

15% on portfolio dividends.

Source citation

IRS Publication 901 Table 1 (France row, Dividends column)

Treaty rates shown are typical statutory withholding rates for direct portfolio investment. Actual rates depend on holding period, ownership percentage, investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors. Consult a qualified tax professional for your specific situation.

United States resident tax treatment

U.S. persons taxed on worldwide dividend income; qualified dividends at 0/15/20%; ordinary dividends at ordinary rates; foreign tax credit may offset foreign withholding.

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