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France Ruling on Foreign Tax Credits in Cases Where Foreign Tax is Levied Contrary to the Provisions of Tax Treaty

|Approved Changes|France
France

The French tax authority has issued a Ruling dated 18 December 2024 on the availability of a foreign tax credit (FTC) in France in cases where foreign withholding tax is deemed to be contrary to the provisions of a relevant tax treaty. French law stipulates that FTCs are available only with respect to foreign taxes that are levied in a manner compatible with the provisions of the relevant tax …

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