2025 Shareholder's Practical Guide

Your tax return in 2025

Factsheet 10

Your tax return in 2025

The taxation information in this Factsheet applies to French residents for tax purposes.

You can choose between two methods of taxation for investment income, including dividends received and capital gains realized in 2024:

  • the Single Flat Tax (Prélèvement Forfaitaire Unique or PFU in French) of 30%;
  • Income tax (in French IR) on a progressive scale.

You may choose a different method each year. Whichever you choose, it will apply to all of your investment income.

Air Liquide therefore advises you to assess your overall taxation of dividends and capital gains using both methods before selecting one of the two options.

Capital gains taxation

Option AFlat tax (PFU): 30%

 

OR

 Option BIncome tax (IR) on a progressive scale
  • Social contributions: 17.2% on all capital gains, no allowance applied.
  • Income tax: 12.8% on capital gains no allowance applied, regardless of when shares were acquired.
  • Social contributions: 17.2% on all capital gains, no allowance applied.
  • Shares acquired before 01/01/2018. Progressive income tax scale after application of an allowance for the holding period, if applicable(a).
  • Shares acquired from 01/01/2018. Progressive income tax scale without the application of an allowance for the holding period.
Dividend taxation

Option A

Flat tax (PFU): 30%

 

OR

Option B

Income tax (IR) on a progressive scale

 
  • Social contributions: 17.2% on the gross amount of dividends, no allowance applied.
  • Income tax: 12.8% on the gross amount of dividends, no allowance applied.
  • Social contributions: 17.2% on the amount of gross dividends, no allowance applied.
  • Income tax based on a progressive scale on the amount of gross dividends after application of a 40% allowance.

(a) A 50% allowance is applied if shares are held for between two and eight years, and 65% if they are held for eight years or more.