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, 1994 US-France Tax Treaty (as amended 2009 Protocol), Article 10 caps the France tax at 15%, against a non-treaty rate of 25%. How you get the lower rate depends on France and your broker: some countries apply it at source once the relief paperwork is filed, others withhold the full 25% first and refund the difference on a reclaim. Verified 2026-04-19.

Per $100 gross dividend

$85.00 net

$15.00 tax after treaty relief

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

1994 US-France Tax Treaty (as amended 2009 Protocol), Article 10: the Article 10 cap on portfolio dividends applies to dividends paid by a company resident in either country, so the same 15% limits France's tax on dividends paid to U.S. residents. Cross-check: IRS Publication 901 Table 1 (France row, Dividends column) lists the same rate for the U.S. side.

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.

Other payer countries for United States investors

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Other investor countries receiving France dividends

France0%

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