India and France amend tax treaty to revise dividend tax rates
India updated its tax treaty with France on Monday to introduce a split dividend tax structure. The new rates are based on the level of shareholder ownership.
The India 
IN finance ministry announced on February 23, 2026, that the government has amended its bilateral tax treaty with France 
FR. This policy-driven update includes the removal of the most-favoured-nation clause and a restructuring of dividend taxation, moving away from a flat 10% rate.
IN finance ministry announced on February 23, 2026, that the government has amended its bilateral tax treaty with France FR. This policy-driven update includes the removal of the most-favoured-nation clause and a restructuring of dividend taxation, moving away from a flat 10% rate.
