TAX REPRESENTATION FOR NON-RESIDENTS - SALES OF SHARES

You are a non-resident of France.

You contemplate to sell shares in a French company liable for income tax ("SARL", "SAS", "SA").

According to the Tax treaty signed between France and your contry of residence, you may be liable to tax on your capital gain.

It is then necessary to check the appropriate tax treaty and confirm whether or not the tax treaty provisions allow France to tax the capital gain.

If you are liable to capital gains tax in France on the sale of your shares, you must appoint a tax representative if :

• the selling price exceeds 150 000 €
• you are resident of a country outside the European Union, Iceland and Norway;

If the owner of the shares is a company, the appointement of a tax representative is mandatory in all cases if the company is a resident of a country outside the European Union, Iceland and Norway.

Our mission as your tax representative is to :

• calculate the capital gain and the capital gain tax you are liable for with respect for the French tax law ;
• fill in and sign the capital gain tax return ;
• answer all the questions the French tax administration could ask ;
• represent the seller in case of a tax audit ;
• pay the tax reassessments on your behalf.

ILIADE stands by your side untill the sale is closed.