Company: SNY
Filing Date: 2025-10-29
Form Type: 424B5
Source: 0001193125-25-255563
Chunk: 109

Company: Sanofi
Filing Date: 2025-10-29
Form: 424B5
Chunk 109
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 the French General Tax Code referring to Article 238-0 A of the
French General Tax Code shall apply to States or territories

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added on this list as from the first day of the third month following the publication of the ministerial decree. It includes, as from December 1, 2018, 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 debt securities 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 benefitting to individuals who are not fiscally domiciled in France, (ii) 25% for payments benefitting to 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 tax provided by Article 125 A, III of the French General Tax Code, nor (ii) the non-deductibilityof interest and other revenues (to the extent the relevant interest and other revenues relate to genuine transactions and are not in an abnormal or exaggerated amount) and the withholding tax set out under Article 119 bis, 2 of the French General Tax Code that may subsequently be levied as a result of such non deductibility, will apply in respect of a particular issue of debt securities if the Issuer can prove that the principal purpose and effect of such issue was not to allow the payments of interest or other revenues to be made in a Non-CooperativeState (the “Exemption”). Pursuant to the BOFIP, an issue of debt