Guideline on French withholding tax applied to certain interest income published

The French tax administration published Guideline 5 I-7-06 of 29 June 2006 on (i) the abolition of the mandatory application of the French withholding tax set out in Art. 125 A of the French Tax Code (CGI) on French-source interest paid outside of France to French individuals or companies and (ii) the exemption of the French withholding tax on interest from loans contracted abroad by French Securitization Fund (Fonds Commun de Créances (FCC)). Details of the Guideline are summar…