The French Public Finances General Directorate has published a notice on the effect of the most-favored nation (MFN) clauses of nine tax treaties. The effects of the clauses and the triggering tax treaties are summarized as follows:
1994 Tax Treaty with Bolivia:
- 10% withholding tax rate for dividends if the beneficial owner is a company directly holding at least 25% of the paying company's capital (1997 Bolivia-Spain treaty);
- Withholding tax exemption for interest paid in connection with t…