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Article 117 quater of the French General Tax Code

I.-1. Individuals domiciled in France for tax purposes within the meaning of article 4 B who benefit from distributed income mentioned in articles 108 to 117 bis and 120 to 123 bis are subject to a levy at the rate of 12.8% . For the calculation of this levy, the income mentioned in the first paragraph of this 1 is retained for its gross amount. However, natural persons belonging to…

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