This article was first published on Tax@Hand, and is reproduced on this blog with the authorization of its authors.
On 23 December 2024, the French Tax Authorities (FTA) updated the list of French companies with a market capitalization exceeding EUR 1 billion and therefore within the scope of the 2025 financial transactions tax.
As a reminder, the financial transactions tax (article 235 ter ZD of the French Tax Code) applies to the acquisition of listed shares of French companies where there is a transfer of legal title of the shares (as defined under the Monetary and Financial Code), the shares are listed on a regulated market (in France or in another country), and the shares are issued by a company headquartered in France whose market capitalization exceeds EUR 1 billion on 1 December of the previous year.
The financial transactions tax is levied at a rate of 0.3% on the acquisition price.
The list of affected companies is updated every year by the FTA.