{"id":23145,"date":"2026-11-08T12:55:24","date_gmt":"2026-11-08T11:55:24","guid":{"rendered":"https:\/\/balmontconseil.com\/conventions-fiscales\/madagascar\/dividendes\/"},"modified":"2026-11-09T00:25:51","modified_gmt":"2026-11-08T23:25:51","slug":"dividendes","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/conventions-fiscales\/madagascar\/dividendes\/","title":{"rendered":"Dividendes entre la France et Madagascar\u00a0: quelle retenue \u00e0 la source\u00a0? 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r\u00e9cup\u00e9rable en France ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Elle ouvre droit \u00e0 un cr\u00e9dit d\u2019imp\u00f4t \u00e9gal \u00e0 l\u2019imp\u00f4t malgache per\u00e7u, plafonn\u00e9 au montant de l\u2019imp\u00f4t fran\u00e7ais aff\u00e9rent \u00e0 ces dividendes (article 22, paragraphe 2, b).\"}},{\"@type\":\"Question\",\"name\":\"Les dividendes sont-ils aussi impos\u00e9s dans mon \u00c9tat de r\u00e9sidence ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"En France, oui, avec le cr\u00e9dit d\u2019imp\u00f4t. \u00c0 Madagascar, les revenus imposables en France sont exon\u00e9r\u00e9s d\u2019imp\u00f4t malgache, avec taux effectif (article 22, paragraphe 1).\"}}]}<\/script><div id=\"bcv\" class=\"final\"><div class=\"wrap\">\n<div class=\"crumbs\"><a href=\"\/\">Accueil<\/a> \u203a <a href=\"\/conventions-fiscales\/\">Conventions fiscales<\/a> \u203a <a href=\"\/conventions-fiscales\/madagascar\/\">France\u2013Madagascar<\/a> \u203a Article 10 \u00b7 Dividendes<\/div>\n<div class=\"grid\"><main class=\"main\">\n<div class=\"meta\"><span class=\"pill mono\">Convention France\u2013Madagascar<\/span><span class=\"metaline\">Convention sign\u00e9e \u00e0 Tananarive le 22 juillet 1983, avec deux \u00e9changes de lettres du m\u00eame jour<\/span><\/div>\n<h1>Dividendes entre la France et Madagascar\u00a0: quelle retenue \u00e0 la source\u00a0? L\u2019article 10 de la convention franco-malgache<\/h1>\n<p class=\"lead\">La convention franco-malgache attribue d\u2019abord les dividendes \u00e0 l\u2019\u00c9tat de la soci\u00e9t\u00e9 qui les verse, avec un imp\u00f4t plafonn\u00e9\u00a0: 15 % pour une soci\u00e9t\u00e9 d\u00e9tenant au moins 25 % du capital, 25 % dans les autres cas. Un r\u00e9sident de France est aussi impos\u00e9 en France, avec un cr\u00e9dit d\u2019imp\u00f4t.<\/p>\n<div class=\"tags\"><a class=\"tag\" href=\"\/conventions-fiscales\/madagascar\/residence-fiscale\/\">R\u00e9sidence fiscale<\/a><a class=\"tag\" href=\"\/conventions-fiscales\/madagascar\/pensions-retraite\/\">Pensions de retraite<\/a><a class=\"tag\" href=\"\/conventions-fiscales\/madagascar\/fonction-publique\/\">Fonction publique<\/a><a class=\"tag\" href=\"\/conventions-fiscales\/madagascar\/revenus-immobiliers\/\">Revenus immobiliers<\/a><\/div>\n<div class=\"cover\"><img decoding=\"async\" src=\"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/11\/convention-madagascar.webp\" alt=\"Morondava, Madagascar\" loading=\"eager\"><div class=\"cap\"><span class=\"chip mono\">Article 10 \u00b7 Dividendes<\/span><b>Morondava, Madagascar<\/b><\/div><\/div><div style=\"height:26px\"><\/div>\n<div class=\"card bref\"><span class=\"mono\">En bref<\/span><ul><li>Les dividendes pay\u00e9s \u00e0 un r\u00e9sident d\u2019un \u00c9tat par une soci\u00e9t\u00e9 de l\u2019autre \u00c9tat sont imposables dans l\u2019\u00c9tat de la soci\u00e9t\u00e9 (article 10, paragraphe 1).<\/li><li>L\u2019imp\u00f4t de cet \u00c9tat ne peut exc\u00e9der 15 % du brut si le b\u00e9n\u00e9ficiaire effectif est une soci\u00e9t\u00e9, autre qu\u2019une soci\u00e9t\u00e9 de personnes, d\u00e9tenant directement au moins 25 % du capital, et 25 % dans les autres cas (article 10, paragraphe 2).<\/li><li>Un r\u00e9sident de France est impos\u00e9 en France sur le montant brut des dividendes malgaches, avec un cr\u00e9dit \u00e9gal \u00e0 l\u2019imp\u00f4t malgache, plafonn\u00e9 \u00e0 l\u2019imp\u00f4t fran\u00e7ais correspondant (article 22, paragraphe 2, b).<\/li><li>Pour un r\u00e9sident de Madagascar, les dividendes imposables en France sont exon\u00e9r\u00e9s d\u2019imp\u00f4t malgache, avec taux effectif (article 22, paragraphe 1).<\/li><\/ul><\/div>\n<h2>Qui impose les dividendes\u00a0?<\/h2><div class=\"qt\"><div class=\"r h mono\"><span>Votre situation<\/span><span>Qui impose<\/span><span>Texte<\/span><\/div><div class=\"r\"><span>Particulier r\u00e9sident de France, dividendes malgaches<\/span><span class=\"etat \">Madagascar 25 % maximum\u00a0; France avec cr\u00e9dit<\/span><span class=\"ref\">Art. 10 \u00a7 2 b et 22 \u00a7 2 b<\/span><\/div><div class=\"r\"><span>Soci\u00e9t\u00e9 d\u00e9tenant directement au moins 25 % du capital<\/span><span class=\"etat \">Pays de la source, 15 % maximum<\/span><span class=\"ref\">Art. 10 \u00a7 2 a<\/span><\/div><div class=\"r\"><span>R\u00e9sident de Madagascar, dividendes fran\u00e7ais<\/span><span class=\"etat fr\">France 25 % maximum\u00a0; exon\u00e9r\u00e9 \u00e0 Madagascar<\/span><span class=\"ref\">Art. 10 \u00a7 2 b et 22 \u00a7 1<\/span><\/div><div class=\"r\"><span>Participation rattach\u00e9e \u00e0 un \u00e9tablissement stable ou une base fixe<\/span><span class=\"etat \">R\u00e8gle des b\u00e9n\u00e9fices ou des professions ind\u00e9pendantes<\/span><span class=\"ref\">Art. 10 \u00a7 4<\/span><\/div><\/div><div style=\"height:20px\"><\/div>\n<h2>Le texte de la convention<\/h2><div class=\"cit\"><div><span class=\"mono\">Article 10, paragraphe 1<\/span><p>\u00ab Les dividendes pay\u00e9s \u00e0 un r\u00e9sident d&#x27;un Etat contractant par une soci\u00e9t\u00e9 qui est un r\u00e9sident de l&#x27;autre Etat sont imposables dans cet autre Etat. \u00bb<\/p><\/div><\/div><div class=\"cit\"><div><span class=\"mono\">Article 10, paragraphe 2<\/span><p>\u00ab Toutefois, l&#x27;imp\u00f4t ainsi \u00e9tabli ne peut exc\u00e9der\u00a0: a) 15 p. cent du montant brut des dividendes si le b\u00e9n\u00e9ficiaire effectif est une soci\u00e9t\u00e9 (autre qu&#x27;une soci\u00e9t\u00e9 de personnes) qui d\u00e9tient directement au moins 25 p. cent du capital de la soci\u00e9t\u00e9 qui paie les dividendes\u00a0; b) 25 p. cent du montant brut des dividendes, dans tous les autres cas. \u00bb<\/p><\/div><\/div><div class=\"cit\"><div><span class=\"mono\">Article 22, paragraphe 2, b<\/span><p>\u00ab Les revenus vis\u00e9s aux articles 10, 11, 12, 16 et 17 provenant de Madagascar sont imposables en France, conform\u00e9ment aux dispositions de ces articles, pour leur montant brut. L&#x27;imp\u00f4t malgache per\u00e7u sur ces revenus ouvre droit au profit des r\u00e9sidents de France \u00e0 un cr\u00e9dit d&#x27;imp\u00f4t correspondant au montant de l&#x27;imp\u00f4t malgache per\u00e7u mais qui ne peut exc\u00e9der le montant de l&#x27;imp\u00f4t fran\u00e7ais aff\u00e9rent \u00e0 ces revenus. \u00bb<\/p><\/div><\/div><p class=\"note2\">Texte publi\u00e9 par impots.gouv.fr.<\/p>\n\n<h2>Ce qu\u2019ont jug\u00e9 les tribunaux<\/h2><div class=\"decs\"><a class=\"dec\" href=\"\/decisions\/installe-a-madagascar-mais-fille-scolarisee-en-france-residence-francaise\/\"><div class=\"h\"><span class=\"pill mono\">CAA Paris<\/span><small>20 janvier 2026<\/small><\/div><p>Install\u00e9 \u00e0 Madagascar mais fille scolaris\u00e9e en France\u00a0: r\u00e9sidence fran\u00e7aise confirm\u00e9e, mais la plus-value en sursis sur des titres annul\u00e9s apr\u00e8s faillite n&#x27;est pas imposable faute de valeur<\/p><i>Lire la d\u00e9cision \u2192<\/i><\/a><a class=\"dec\" href=\"\/decisions\/francais-retraite-a-madagascar-vendant-un-bien-a-nantes-pas-d-exoneration-de-la\/\"><div class=\"h\"><span class=\"pill mono\">TA Nantes<\/span><small>17 mars 2023<\/small><\/div><p>Fran\u00e7ais retrait\u00e9 \u00e0 Madagascar vendant un bien \u00e0 Nantes\u00a0: pas d&#x27;exon\u00e9ration de la plus-value r\u00e9serv\u00e9e aux r\u00e9sidents ni de tol\u00e9rance pour les non-r\u00e9sidents ressortissants d&#x27;\u00c9tats tiers<\/p><i>Lire la d\u00e9cision \u2192<\/i><\/a><a class=\"dec\" href=\"\/decisions\/resident-de-madagascar-cedant-des-parts-de-sci-a-strasbourg-et-la-jaille-yvon\/\"><div class=\"h\"><span class=\"pill mono\">TA Montreuil<\/span><small>28 mars 2024<\/small><\/div><p>R\u00e9sident de Madagascar c\u00e9dant des parts de SCI \u00e0 Strasbourg et La Jaille-Yvon\u00a0: plus-value imposable en France, m\u00eame si l&#x27;une des soci\u00e9t\u00e9s d\u00e9tient des immeubles en cr\u00e9dit-bail<\/p><i>Lire la d\u00e9cision \u2192<\/i><\/a><\/div><a class=\"lnk\" href=\"\/conventions-fiscales\/madagascar\/#decisions\">Voir les 5 d\u00e9cisions qui concernent Madagascar \u2192<\/a>\n<div class=\"dark\"><span class=\"mono\">Ce que cela change pour vous<\/span><p>Les plafonds de retenue de cette convention sont \u00e9lev\u00e9s pour un particulier\u00a0: jusqu\u2019\u00e0 25 % dans l\u2019\u00c9tat de la soci\u00e9t\u00e9. Pour un r\u00e9sident de France, l\u2019imp\u00f4t malgache n\u2019est r\u00e9cup\u00e9r\u00e9 que dans la limite de l\u2019imp\u00f4t fran\u00e7ais sur ces dividendes. L\u2019investissement dans une soci\u00e9t\u00e9 malgache, ou la d\u00e9tention de titres fran\u00e7ais depuis Madagascar, se raisonne donc apr\u00e8s imp\u00f4t dans les deux pays.<\/p><a class=\"btn\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=madagascar-dividendes-portee\"><svg viewBox=\"0 0 16 16\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\"><rect x=\"2\" y=\"3\" width=\"12\" height=\"11\" rx=\"2\"\/><path d=\"M2 7h12M5 1.5v3M11 1.5v3\"\/><\/svg>Faire v\u00e9rifier mes dividendes<\/a><span class=\"note\">Visio \u00b7 30 min \u00b7 sans engagement<\/span><\/div>\n<div class=\"card cv\" id=\"cv\"><span class=\"mono\" style=\"color:var(--muted);display:block;margin-bottom:12px\">Cela vous concerne ?<\/span><h3>Vous percevez des dividendes de soci\u00e9t\u00e9s fran\u00e7aises ou malgaches\u00a0?<\/h3><div class=\"yn\"><a class=\"oui\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=madagascar-dividendes-oui\">Oui<\/a><button type=\"button\" onclick=\"document.getElementById('cv').classList.add('open')\">Non<\/button><\/div><div class=\"non\"><a href=\"\/conventions-fiscales\/madagascar\/residence-fiscale\/\">R\u00e9sidence fiscale<\/a><a href=\"\/conventions-fiscales\/madagascar\/pensions-retraite\/\">Pensions de retraite<\/a><a href=\"\/conventions-fiscales\/madagascar\/fonction-publique\/\">Fonction publique<\/a><a href=\"\/conventions-fiscales\/madagascar\/revenus-immobiliers\/\">Revenus immobiliers<\/a><a href=\"\/conventions-fiscales\/madagascar\/\">Convention France\u2013Madagascar : tous les sujets<\/a><a href=\"\/decisions\/\">Jurisprudence fiscale internationale<\/a><\/div><\/div>\n<h2>Les autres sujets de la convention<\/h2><div class=\"agrid\"><a href=\"\/conventions-fiscales\/madagascar\/residence-fiscale\/\"><small>Art. 4<\/small><b>R\u00e9sidence fiscale<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/pensions-retraite\/\"><small>Art. 18<\/small><b>Pensions de retraite<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/fonction-publique\/\"><small>Art. 19<\/small><b>Fonction publique<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/revenus-immobiliers\/\"><small>Art. 6<\/small><b>Revenus immobiliers<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/plus-values\/\"><small>Art. 13<\/small><b>Plus-values<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/dividendes\/\" class=\"cur\"><small>Art. 10<\/small><b>Dividendes<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/interets\/\"><small>Art. 11<\/small><b>Int\u00e9r\u00eats<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/salaires\/\"><small>Art. 15<\/small><b>Salaires<\/b><\/a><a href=\"\/conventions-fiscales\/madagascar\/double-imposition\/\"><small>Art. 22<\/small><b>Double imposition<\/b><\/a><\/div>\n<div class=\"card bm-bofip\" style=\"margin:28px 0\"><span class=\"mono\" style=\"display:block;margin-bottom:12px\">Ce qu\u2019en dit l\u2019administration (BOFiP)<\/span><div style=\"display:flex;flex-wrap:wrap;gap:8px\"><a class=\"tag\" href=\"\/bofip-international\/boi-ir-domic-10-10\/\">BOI-IR-DOMIC-10-10 \u00b7 Revenus de source fran\u00e7aise (art. 164 B)<\/a><a class=\"tag\" href=\"\/bofip-international\/boi-int-dg-20-20-100\/\">BOI-INT-DG-20-20-100 \u00b7 \u00c9limination de la double imposition<\/a><\/div><\/div><h2>Questions fr\u00e9quentes<\/h2><div class=\"faq\"><details open><summary>Quel est le taux maximal de retenue pour un particulier\u00a0?<\/summary><p>25 % du montant brut des dividendes\u00a0; le taux de 15 % est r\u00e9serv\u00e9 \u00e0 une soci\u00e9t\u00e9, autre qu\u2019une soci\u00e9t\u00e9 de personnes, d\u00e9tenant directement au moins 25 % du capital (article 10, paragraphe 2).<\/p><\/details><details><summary>La retenue malgache est-elle r\u00e9cup\u00e9rable en France\u00a0?<\/summary><p>Elle ouvre droit \u00e0 un cr\u00e9dit d\u2019imp\u00f4t \u00e9gal \u00e0 l\u2019imp\u00f4t malgache per\u00e7u, plafonn\u00e9 au montant de l\u2019imp\u00f4t fran\u00e7ais aff\u00e9rent \u00e0 ces dividendes (article 22, paragraphe 2, b).<\/p><\/details><details><summary>Les dividendes sont-ils aussi impos\u00e9s dans mon \u00c9tat de r\u00e9sidence\u00a0?<\/summary><p>En France, oui, avec le cr\u00e9dit d\u2019imp\u00f4t. \u00c0 Madagascar, les revenus imposables en France sont exon\u00e9r\u00e9s d\u2019imp\u00f4t malgache, avec taux effectif (article 22, paragraphe 1).<\/p><\/details><\/div>\n<p class=\"source\">Source : Convention sign\u00e9e \u00e0 Tananarive le 22 juillet 1983, avec deux \u00e9changes de lettres du m\u00eame jour \u2014 Convention avec Madagascar (impots.gouv.fr). Statut : En vigueur depuis le 1er octobre 1984\u00a0; elle a remplac\u00e9 la convention du 29 septembre 1962. Ce document ne se substitue pas aux textes qui font foi. Analyse : Balmont Conseil, mise \u00e0 jour le 8 novembre 2026. Information g\u00e9n\u00e9rale, pas un conseil personnalis\u00e9.<\/p>\n<\/main>\n<aside class=\"side\">\n<div class=\"ctacard\"><span class=\"mono\">Vous partez \u00e0 Madagascar ?<\/span><h3>Faire v\u00e9rifier mes dividendes\u00a0: un bilan de 30 minutes avec le cabinet.<\/h3>\n<div class=\"who\"><img decoding=\"async\" src=\"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/11\/alexis-sagnier-carre.webp\" alt=\"Alexis Sagnier\" width=\"44\" height=\"44\" loading=\"lazy\"><div><b>Alexis Sagnier<\/b><span>Conseil en gestion de patrimoine \u00b7 ORIAS n\u00b0 13003497 \u00b7 ANACOFI-CIF<\/span><\/div><\/div>\n<a class=\"btn\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=madagascar-dividendes-side\"><svg viewBox=\"0 0 16 16\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\"><rect x=\"2\" y=\"3\" width=\"12\" height=\"11\" rx=\"2\"\/><path d=\"M2 7h12M5 1.5v3M11 1.5v3\"\/><\/svg>R\u00e9server un bilan de 30 min<\/a>\n<a class=\"btn ghost\" href=\"https:\/\/wa.me\/33601773296\" target=\"_blank\" rel=\"noopener\"><svg viewBox=\"0 0 16 16\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\"><path d=\"M8 14.5a6.5 6.5 0 1 0-5.6-3.2L1.5 14.5l3.3-.9A6.5 6.5 0 0 0 8 14.5Z\"\/><\/svg>\u00c9crire sur WhatsApp<\/a>\n<p class=\"trust\">Depuis 2013 \u00e0 Lyon \u00b7 Expatriation et patrimoines internationaux<\/p><\/div>\n<a class=\"diag\" href=\"\/diagnostic\/\"><div><b>Diagnostic express en 30 secondes<\/b><span>Cinq questions, la marche \u00e0 suivre pour votre situation.<\/span><\/div><i>\u2192<\/i><\/a>\n<div class=\"card\"><span class=\"mono\">D\u00e9cisions \u00b7 Madagascar<\/span><div class=\"rel\"><a href=\"\/decisions\/medecin-salarie-d-hopitaux-francais-se-disant-resident-malgache-domicilie-en\/\">M\u00e9decin salari\u00e9 d&#x27;h\u00f4pitaux fran\u00e7ais se disant r\u00e9sident malgache\u00a0: domicili\u00e9 en France par son activit\u00e9 principale, il est impos\u00e9 sur ses salaires et doit la majoration de 40 %<small>CAA Versailles, 3 avril 2025<\/small><\/a><a href=\"\/decisions\/dirigeant-installe-a-madagascar-epouse-et-enfant-en-france-residence-fiscale\/\">Dirigeant install\u00e9 \u00e0 Madagascar, \u00e9pouse et enfant en France\u00a0: r\u00e9sidence fiscale fran\u00e7aise et imposition des plus-values sur les titres Madarail et Vecturis encaiss\u00e9es \u00e0 Maurice<small>CAA Toulouse, 5 juin 2025<\/small><\/a><\/div><\/div>\n<div class=\"card\"><span class=\"mono\">Aller plus loin<\/span><div class=\"more\"><a href=\"\/conventions-fiscales\/madagascar\/\">Convention France\u2013Madagascar : tous les sujets<\/a><a href=\"\/conventions-fiscales\/\">Toutes les conventions fiscales<\/a><a href=\"\/diagnostic\/\">Diagnostic express : o\u00f9 en est votre projet ?<\/a><\/div><\/div>\n<\/aside>\n<\/div><\/div>\n<div class=\"sticky\"><span>Vous partez \u00e0 Madagascar ?<\/span><a href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=madagascar-dividendes-sticky\">Bilan de 30 min<\/a><\/div><\/div><script>(function(){var r=document.getElementById('bcv');if(!r)return;function clean(){r.removeAttribute('data-bml-bg');r.removeAttribute('data-bml-t');var l=r.querySelectorAll('[data-bml-bg],[data-bml-t]');for(var i=0;i<l.length;i++){l[i].removeAttribute('data-bml-bg');l[i].removeAttribute('data-bml-t');}}clean();new MutationObserver(function(m){for(var i=0;i<m.length;i++){if(\/^data-bml-\/.test(m[i].attributeName||'')){clean();break;}}}).observe(r,{attributes:true,subtree:true,attributeFilter:['data-bml-bg','data-bml-t']});window.addEventListener('load',function(){clean();setTimeout(clean,1300);setTimeout(clean,2500);});})();<\/script>","protected":false},"excerpt":{"rendered":"<p>Accueil \u203a Conventions fiscales \u203a France\u2013Madagascar \u203a Article 10 \u00b7 Dividendes Convention France\u2013MadagascarConvention sign\u00e9e \u00e0 Tananarive le 22 juillet 1983, avec deux \u00e9changes de lettres du m\u00eame jour Dividendes entre la France<span class=\"excerpt-hellip\"> 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