France Tax Agency Updates 2024 Withholding Tax Scale Applicable to Salaries, Wages, Pensions of Nonresidents

The French General Directorate of Public Finance March 6 updated an administrative doctrine on the withholding tax rate applicable to salaries, wages, pensions, and life annuities for nonresidents for the 2024 tax year. The updated doctrine includes: 1) the withholding tax at the progressive rates of zero percent, 12 percent, and 20 percent based on increased quarterly, monthly, weekly, and daily taxable income brackets; 2) the reduction of the withholding tax rate to 8 percent and 14.4 percent from 12 percent and 20 percent, respectively, for the overseas department; 3) the application of domestic law in the absence of international ...