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# What is the tax treatment for this type of ROY?

In France, bonds are subject to a 30% flat tax: [Details on bond taxation.](https://www.boursorama.com/patrimoine/fiches-pratiques/fiscalite-des-obligations-ce-qu-il-faut-savoir-9399604688773ab4506b09df928fa8f6) In Europe, it's considered as a financial product (same as a stock).

For more details, consult your local tax office.