Company: SNY
Filing Date: 2025-10-29
Form Type: 424B5
Source: 0001193125-25-255563
Chunk: 54

Company: Sanofi
Filing Date: 2025-10-29
Form: 424B5
Chunk 54
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 (inscription en compte) or (ii) paid or accrued to persons established or domiciled in such
Non-Cooperative State if such payments are made in cash, by check or by any other means.

Pursuant
to a ministerial decree (arrêté) dated April 18, 2025 the list of Non-Cooperative States referred to in Article 238-0 A of the French General
Tax Code comprises the following States: American Samoa, Anguilla,

S-37

Antigua and Barbuda, Fiji, Guam, Palau, Panama, Russia, Samoa, Trinidad and Tobago, Turks and Caicos Islands, the U.S. Virgin Islands, and Vanuatu. The list of Non-CooperativeStates may be updated at any time and at least once a year. The provisions of the French General Tax Code referring to Article 238-0A of the French General Tax Code shall apply to States or territories added on this list as from the first day of the third month following the publication of the ministerial decree. It includes the jurisdictions that are included in EU list of non-cooperativejurisdictions for tax purposes adopted by the Council of the European Union on December 5, 2017, as amended from time to time. Furthermore, according to Article 238 A of the French General Tax Code, interest and other revenues on such notes paid on a bank account opened in a financial institution located in a Non-CooperativeState or paid or accrued to persons established or domiciled in a Non-CooperativeState may no longer be deductible from the Issuer’s taxable income. Under certain conditions, any such non-deductibleinterest and other revenues may be recharacterized as deemed distributed income pursuant to Article 109 and seq. of the French General Tax Code, in which case such non-deductibleinterest and other revenues may be subject to the withholding tax set out under Article 119 bis 2 of the French General Tax Code, at a rate of (i) 12.8% for payments whose beneficial owners are individuals who are not fiscally domiciled in France, (ii) 25% for payments whose beneficial owners are legal persons which are not fiscally domiciled in France as regards fiscal years opened on or after January 1, 2022, or (iii) 75% for payments made in a Non-CooperativeState, subject to more favorable provisions of any applicable double tax treaty. Notwithstanding the foregoing, neither (i) the 75% withholding