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Tax on dividends

The dividend is the portion of the Group's net profit that is distributed to shareholders. At Air Liquide, this portion represents nearly 50%, a sign of the Group's commitment to sharing the fruits of its growth with shareholders.

The dividend is taxed in two stages:

1) when your dividend is paid in May 2015 2) when you pay your 2015 income tax in 2016

Two amounts are withheld at source based on your gross dividend amount:

  • 15.5% for social contributions;
  • 21% for the advance payment on your income tax, unless you are exempt.
  • An unlimited annual deduction of 40% is applied to your gross dividend. Your income tax base is therefore equal to 60% of the gross dividend, less any handling fees.
  • This taxable base is then subject to income tax calculated using a progressive scale.
  • The advance payment of 21% withheld at the time dividends are paid is automatically deducted from your tax obligation.

Advanced withholding tax of 21%
(Applicable to French residents for tax purposes)

You can avoid this advance tax payment.

To benefit from this exemption, your reference taxable income for the previous year must be less than €50,000 for single taxpayers or less than €75,000 for couple taxed jointly.

In this case, you will have to submit a sworn statement to your account manager (Air Liquide Shareholder Services for direct registered shareholders, or your bank for intermediary registered or bearer shareholders) before November 30 of current year and you will benefit from the exemption the year following the sending of your statement. After that date, 21% of the gross dividend amount will be automatically withheld at pay date.

Taxes for non-French residents

In general, a tax agreement between France and the shareholder’s fiscal residence country will establish a reduced fixed tax rate for dividends earned by non-French residents. To take advantage of these agreements, remember to have the tax authorities from your country of residence sign the 5000 form(a) and send it to your account manager (Air Liquide Shareholder Services for direct registered shareholders or your bank for intermediary registered or bearer shareholders) before mid-April 2015.

If this form is not submitted, a direct withholding tax of 30% will be applied. Non-French residents are not required to pay social contributions on dividends.
Please remember to inform your account manager in the case of a change of address, so that he or she may apply the tax of your country of residence.

(a) The Cerfa form no. 12816*01, which requests that the withholding rate set by the agreement be applied, downloadable from www.impots.gouv.fr)