TAX

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Tax at January 1, 2017 (all indicated thresholds and rates may be modified by the French Finance Act).

VALUATION OF THE SECURITIES PORTFOLIO FOR THE ISF SOLIDARITY TAX ON WEALTH

The share value to be taken into account is up to the shareholder:

  • Either the last listed price of the fiscal year (for 2016: €128.75)
  • Or the average closing price of the last 30 trading days of the fiscal year (for 2016: €128.135)

 

DEFINITION OF THE ACQUISITION PRICE
OF A SEB SHARE

Several options:

  • The actual market purchase price, all fees included; 
  • The closing price the day before the gift;
  • For successions, the average of the upper and lower extremes on the day of the death or the average of the last 30 market prices before death;
  • The highest price in 1978 for shares acquired before 1979, failing the ability to justify their actual price: €1.94 (*);
  • The price of €23.36 (*) if the overall portfolio valuation option at 85% of the last price in 1995 was communicated to the tax authorities in 1996;
  • The overall price, including the "contribution" paid by the employer, as part of a company savings scheme.

(*): Account is taken of items having had an impact on the price, namely the division of the nominal by 5 in August 1992, the switch to the euro in 1999, the granting of bonus shares in 2004 and the division of the nominal by 3 on June 16, 2008.

 

INCOME ON SECURITIES (DIVIDEND AND LOYALTY BONUS) IS SUBJECT TO THE FOLLOWING TAXATION:

 

Tax rate: 

Dividends are taxed according to the progressive income tax rate after the deduction of a rebate of 40%

Social levies

15.5%
Partial deductibility of CSG social contributions

Compulsory and non-withholding tax of 21% for some taxpayers

Amount in deduction of the tax to pay in respect of the dividend payment year.
Possibility of requesting an exemption for the paying institution before the end of November (11/30/2017) for income to be received the following year (2018) depending on the resources of the previous year (2016): €50,000 or €75,000 for a couple.

 

Capital gains on the sale of transferable securities (excluding specific taxes on company savings schemes and equity savings plans) are subject to :

  • social security contributions of 15.5%
  • the progressive income tax rate after the possible application of a rebate proportionate to the holding period (counted starting from the actual date the shares were subscribed or purchased):
Holding period Rebate rate
Less than 2 years 0%
Between 2 and 8 years 50%
More than 8 years 65%

 

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THE PARTICULAR CASE OF SHARES IN A COMPANY SAVINGS SCHEME

Capital gains on the sales of shares held as part of a company savings scheme are not taxable, consistent with Article 150-0A III 4 of the General Tax Code. However, the 15.5% social levy is deducted from the income of the sale with no exemption threshold.

 

THE PARTICULAR CASE OF SHARES IN AN EQUITY SAVINGS SCHEME

Income and capital gains from sales are tax exempt if the scheme has been in existence for five years, with no withdrawal. Only a 15.5% social levy is applied.

The overall amount that may be invested in an equity savings scheme is €150,000 (+ €75,000 in an SME equity savings scheme for SME and ETI (intermediate-sized company) shares.

 

TO BENEFIT FROM THIS EXEMPTION OF LEVIES ON DIVIDENDS AND LOYALTY BONUSES ON THE SEB SHARES TO BE PAID TO YOU IN 2018:

  • For pure registered shareholders :

Complete before November 30, 2017 the online exemption request, on the website https://planetshares.bnpparibas.com, in the menu: “My personal information / My taxes / Managing tax exemptions on my interests and dividends for 2017 / Find out more”.

Obtain the exemption form (available on the website https://planetshares.bnpparibas.com, on the “My documents” page or from the SEB Securities Department: 01 57 43 90 00) to be filled out and sent, for reception  no later than 30 November 2017:

- by email: paris.bp2S.dispense.acompte@bnpparibas.com

- or by registered letter with acknowledgment of receipt: BP2S – 9 rue du Débarcadère – 93761 Pantin cedex.


 

  • For managed registered or bearer shareholders:

Contact the manager of your securities account.