Under the Euro Medium Term Note Programme ... - Finance - EDF

Taxation
is subject to a progressive scale of income tax for the year of payment
of the aforementioned general social security contribution (Article 154
quinquies II of the Code Général des Impôts),
(ii)
(iii)
(iv)
(v)
social security (prélévement social) at 3.4% (5.4% as from 1 July
2012) (Article 1600-0 F bis of the Code Général des Impôts),
an additional social security contribution (contribution additionnelle au
prélévement social) at 0.3% (Article L.14-10-4 of the Code de l’action
sociale et des familles),
an additional social security contribution at 1.1% to finance social
welfare (contribution additionnelle au prélèvement social destinée au
financement du revenu de solidarité active) (Article L.262‐24 of the
Code de l’action sociale et des familles),
social security debt reimbursement contribution (contribution pour le
remboursement de la dette sociale) at 0.5% (Article 1600-0 J of the
Code Général des Impôts).
(b)
Capital Gains
Under current legislation, capital gains (calculated to include accrued interest
at the date of sale) made by individuals domiciled in France for tax purposes
on the sale of Notes are taxable at a rate of 19% (Article 150-0A et seq. and
200 A 2 of the Code Général des Impôts) to which is added:
(i)
(ii)
(iii)
(iv)
(v)
general social security contribution (contribution sociale généralisée)
at 8.2% (Article 1600-OC and OE of the Code Général des Impôts),
social security (prélévement social) at 5.4% (Article 1600-0 F bis of
the Code Général des Impôts),
an additional social security contribution (contribution additionnelle au
prélévement social) at 0.3% (Article L.14-10-4 of the Code de l’action
sociale et des familles),
an additional social security contribution at 1.1% to finance social
welfare (contribution additionnelle au prélèvement social destinée au
financement du revenu de solidarité active) (Article L.262‐24 of the
Code de l’action sociale et des familles),
social security debt reimbursement contribution (contribution pour le
remboursement de la dette sociale) at 0.5% (Article 1600-0 J of the
Code Général des Impôts).
Capital losses on sales are only deductible from capital gains of the same
kind realised during the year of sale or the next ten years.
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