The French government published a Ministerial Decree on 28 August 2013 updating the list of non-cooperative states or territories (NCSTs). The list will become effective from 1 January 2013.
A major consequence for a country that is on the list of NCSTs is an increase in the tax burden on outbound payments from France. Dividend withholding tax is for example levied at a rate of 75% on payments to an NCST, whereas the normal dividend withholding tax rate on outbound payments is 30%.
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