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This chapter is not exhaustive and is limited to broadly outline the tax consequences of the main events occurring when doing business in France. It does not constitute a tax advice or a client - attorney relationship. Materials are not suitable for tax analysis. Visitors are invited to consult a tax lawyer before taking any decision.
 EU savings directive allows participating jurisdictions either to exchange information on non resident EU savers’ interest income or to withhold tax on non resident EU savers’interest income.
The paying agent must collect the name, the address, the taxpayer identification number or the tax residency of the beneficial owner for all contractual relations starting on or after January 1st, 2004.
The jurisdictions committed to exchanging information are:
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Anguilla
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Denmark
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Greece
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Portugal
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Aruba
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Estonia
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Hungary
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Slovakia
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Cayman Islands
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Finland
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Ireland
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Slovenia
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Cyprus
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France
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Italy
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Spain
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Czech republic
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Germany
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Latvia
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Poland
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Sweden
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United Kingdom
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The jurisdictions committed to withholding tax are:
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Andorra
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British Virgin Islands
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Jersey
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Netherlands Antilles
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Austria
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Guernsey
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Liechtenstein
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San Marino
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Belgium
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Isle of Man
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Luxembourg
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Switzerland
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Monaco
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Turks and Caicos Islands
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Savings directive has been delayed from 1/1/2005 to 1/7/2005 because Switzerland needs more time to approve the agreement. This delay did not change the obligation for paying agents to collect the name, the address, the taxpayer identification number or the tax residence for all contractual relation starting on or after January 1st, 2004.
FLASH: On February 12, 2007 France ratified the agreement on measures equivalent to the saving directive with Anguilla, Aruba, British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey, Montserrat, Netherlands Antilles and Turks and Caicos Islands.
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