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[ESTABLISHING A BUSINESS ENTITY IN HUNGARY]
performed or used in France are subject to a domestic withholding tax of 25%. This tax may be reduced or eliminated by an applicable tax convention or where the EU interest and royalties directive applies. Where the payment is made to an entity or individual located in a non- cooperative tax jurisdiction, a 75% withholding tax applies. • Interest payments made to a non- resident (individual or legal entity) are generally exempt from withholding tax in France. However, if
the payment is made to a non- resident (entity or individual) located in a non-cooperative tax jurisdiction, a 75% withholding tax applies. • Obligation to register a transient branch A transient branch must be registered with the local Registry of Commerce and Companies (“ registre du commerce et des sociétés” ) in order to allow employees to work within it. This registration must be done even if the transient branch is open only for a few months.
ILN Corporate Group – Establishing a Business Entity Series
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