Domestic (statutory) withholding tax rates applied to dividends, interest, and royalties paid to non-residents, before any reduction under an applicable tax treaty. These are the standard domestic rates for the jurisdictions WhiteOwl supports.
| Country | Dividends | Interest | Royalties | Notes |
|---|---|---|---|---|
Albania | 8% | 15% | 15% | Domestic withholding applies to dividends at 8%, and to interest, royalties and technical service fees paid to non-residents at rates generally set at 15%, subject to reduction under Albania’s double tax treaty network. |
Algeria | 15% | 10% | 30% | Algeria applies withholding tax to a range of domestic and outbound payments, alongside the distinct 30% bundled withholding regime for non-resident service contracts described in section 2.11. |
Andorra | 0% | 0% | 5% | Andorra imposes no withholding on dividends distributed by resident companies and generally none on interest paid to non-residents; other Andorran-source income of non-residents is taxed under the non-resident income tax (IRNR) at around 10%, with royalties withheld at 5%, subject to Andorra’s growing double tax treaty network. |
Angola | 10% | 15% | 15% | Angola’s Investment Income Tax operates as the principal withholding mechanism on dividends, interest, royalties and similar passive income, split into two schedules (broadly, income from credit and loan arrangements, and income from securities, shareholder financing and profit repatriation) taxed at 15% or 10% depending on the category; the former reduced 5% rate for regulated-market securities was repealed with effect from 1 January 2026. |
Argentina | 7% | 15.05% / 35% | 12.25% / 28% | Dividends bear 7%. Interest is 15.05% on qualifying bank or registered import-finance loans and 35% otherwise. Royalties run 12.25% (registered copyrights) to 28% (registered technology transfer); rates apply to statutory presumed-profit percentages of the gross payment. |
Armenia | 10% | 10% | 10% | Armenia levies withholding tax on payments to non-residents without a registered permanent establishment in Armenia, covering dividends, interest, royalties and certain service fees. |
Australia | 30% | 10% | 30% | Franked dividends are exempt; only the unfranked portion bears the 30% rate. |
Austria | 27.5% | 0% / 25% | 20% | Dividends bear 27.5% (0% under the EU Parent-Subsidiary Directive). Ordinary loan interest is generally exempt; bank deposits and securities bear 25%–27.5%. Royalties are 20% (0% under the EU Interest & Royalties Directive). |
Azerbaijan | 5% | 10% | 14% | Azerbaijan levies withholding tax on Azerbaijan-source payments to non-residents not connected with a local PE: dividends at 5%, interest at 10%, and royalties at 14%, each collected at source by the resident payer without deduction for the recipient’s expenses. |
Bahamas | 0% | 0% | 0% | The Bahamas imposes no withholding tax on dividends, interest or royalties paid by Bahamian companies, consistent with the absence of a general corporate or personal income tax base from which to withhold. |
Bahrain | 0% | 0% | 0% | Bahrain levies no withholding tax on dividends, interest or royalties paid to residents or non-residents, consistent with the absence of a general corporate income tax base from which such withholding would typically be carved. |
Bangladesh | 20% | 20% | 20% | Bangladesh operates an extensive source-tax (withholding) regime covering dividends, interest, royalties, technical service fees, and a wide range of domestic payments (contractors, rent, professional fees, and more), reflecting the NBR’s reliance on withholding as a primary collection and information tool. |
Barbados | 15% | 15% | 15% | Barbados levies withholding tax on dividends, interest, royalties, management fees and other specified payments made to non-residents, at rates that are frequently reduced under Barbados’s extensive treaty network — one of the most developed in the Caribbean region, reflecting Barbados’s decades-long role as an international financial services centre. |
Belarus | 12% | 10% | 15% | Belarus withholds tax on income of foreign companies without a local permanent establishment: dividends at 12%, interest at 10% and royalties at 15%, subject to reduction under its double tax treaty network. |
Belgium | 30% | 30% | 30% | Belgium levies a 30% withholding tax (précompte mobilier / roerende voorheffing) on dividends, interest and royalties, with extensive exemptions and reductions under the EU Parent-Subsidiary and Interest-Royalties Directives, the VVPR-bis regime for qualifying SME dividends, and its treaties. |
Bermuda | 0% | 0% | 0% | Bermuda imposes no withholding tax on dividends, interest or royalties paid by Bermuda companies, whether to resident or non-resident recipients, reflecting the underlying absence of a general income tax base from which to withhold. |
Bolivia | 12.5% | 12.5% | 12.5% | Payments to non-resident beneficiaries without a permanent establishment in Bolivia are subject to a withholding tax calculated by applying the standard 25% IUE rate to a presumed net income percentage of the gross payment (commonly 50% of the gross amount for most categories of Bolivian-source income paid abroad), producing an effective withholding rate on the gross payment. |
Bosnia and Herzegovina | 10% | 10% | 10% | Each of FBiH, RS and BD levies withholding tax on specified payments made to non-residents, with a standard domestic rate of approximately 10% commonly applying to dividends, interest and royalties absent treaty relief; certain payments for services rendered by non-residents can also attract withholding in some jurisdictions. |
Botswana | 7.5% | 15% | 15% | Botswana imposes withholding tax on a range of outbound payments to residents and non-residents, most of which operate as a final tax for non-resident recipients absent treaty relief or reduced administrative arrangements. |
Brazil | 10% | 15% | 15% | Brazil applies a 15% withholding tax to most interest and royalties paid to non-residents (25% where the recipient is in a low-tax jurisdiction); from 2026 a 10% withholding applies to dividends exceeding BRL 50,000 per month, which were previously exempt. |
Brunei Darussalam | 0% | 2.5% | 10% | Brunei imposes withholding tax on certain payments made to non-residents. |
Bulgaria | 0% / 5% | 10% | 10% | Dividends to EU/EEA corporates are exempt; otherwise 5%. Interest and royalties are 10% (0% for qualifying associated EU companies under the EU Interest & Royalties Directive). |
Cabo Verde | 20% | 20% | 20% | Cabo Verde imposes final withholding tax on a range of Cabo Verde-source payments to non-residents without a local permanent establishment, with statutory rates generally ranging from 1% to 20% depending on the category of income, and separate flat withholding on Cabo Verde-source investment income paid to residents. |
Cambodia | 14% | 14% | 14% | Cambodia applies withholding tax on a range of domestic and cross-border payments. |
Cameroon | 16.5% | 16.5% | 16.5% | Domestic withholding applies to dividends paid to non-residents, interest paid to non-residents, and royalties and technical or management service fees paid to non-residents, with the underlying statutory rates further increased by the 10% Additional Council Tax surcharge described in section 2.1, subject to reduction under Cameroon’s double tax treaties. |
Canada | 25% | 0% / 25% | 25% | Most arm’s-length interest is exempt; non-arm’s-length interest bears 25%. |
Cayman Islands | 0% | 0% | 0% | The Cayman Islands imposes no withholding tax on any category of payment — dividends, interest, royalties, management or technical service fees, or lease payments — made by a Cayman entity to a resident or non-resident recipient. |
Chad | 20% | 25% | 25% | Chad withholds tax on dividends paid to residents and non-residents at 20%, and on interest paid to non-residents whose tax residence is outside the CEMAC area at 25% (5% for recipients within CEMAC). Royalties and service fees paid to non-residents are generally taxed at 25%, with a reduced 12.5% rate for agents, consultancy firms and corporations executing public procurement contracts financed from outside Chad, subject to relief under the CEMAC tax convention. |
Chile | 35% | 4% / 35% | 15% / 30% | Dividends bear a 35% Additional Tax, largely offset by a credit for First Category Tax (the integrated “Chile clause”). Interest is 4% on foreign-bank/financial-institution loans and 35% otherwise. Royalties are 30% generally and 15% for patents and non-standard software (standard software is exempt). |
China | 10% | 10% | 10% | China withholds tax at a standard 10% on dividends, interest and royalties paid to non-residents without a local establishment, subject to reduction under its extensive double tax treaty network. |
Colombia | 20% | 15% | 20% | Colombia withholds 20% on dividends paid from previously-taxed profits to non-residents (with materially higher effective rates on distributions of untaxed profits), interest at 5%–20% depending on tenor, and royalties and technical services at 20%, subject to treaty relief. |
Costa Rica | 15% | 15% | 25% | Territorial system; rates apply to Costa-Rican-source payments. Treaties can reduce dividends to 5%–12% and interest/royalties to 10%. |
Côte d'Ivoire | 15% | 15–18% | 20% | Domestic withholding applies to dividends paid to non-residents (generally 15%), interest paid to non-residents (rates varying by instrument, broadly in the 15–18% range), and royalties and technical or management service fees paid to non-residents (20%), subject to reduction or elimination under Côte d’Ivoire’s double tax treaties. |
Croatia | 10% | 15% | 15% | Dividends to qualifying EU parents are exempt (EU Parent-Subsidiary Directive); otherwise 10%. Interest and royalties are 15% (0% for associated EU companies under the EU Interest & Royalties Directive; 20% to non-cooperative jurisdictions). |
Cyprus | 0% | 0% | 10% | Cyprus imposes no withholding tax on dividends, interest or royalties paid to non-resident recipients under domestic law (other than royalties in respect of intellectual property used within Cyprus, subject to treaty and EU directive relief), reflecting Cyprus’s long-standing policy of encouraging outbound investment structuring through Cyprus holding and financing companies. |
Czech Republic | 15% | 15% | 15% | Standard 15% (0% under the EU Parent-Subsidiary and Interest & Royalties Directives; 35% to non-treaty or non-cooperative jurisdictions). |
Democratic Republic of the Congo | 20% | 20% | 20% | The DRC imposes withholding tax on dividends, interest, royalties and service fees paid to non-residents, alongside the provincial withholding mechanism on rental payments described in section 3.2. |
Denmark | 27% | 0% / 22% | 22% | Dividends to qualifying corporate/EU holders are 0% at source; portfolio dividends are 27% (corporate reclaim to 22%). Ordinary interest is exempt; related-party interest to low-tax or non-treaty jurisdictions bears 22%. Royalties are 22% (0% under the EU Interest & Royalties Directive). |
Dominican Republic | 10% | 10% | 15% | The Dominican Republic applies withholding tax to a range of outbound and domestic payments, most notably the 10% definitive withholding on dividends and profit remittances described in section 2.3, together with withholding on interest, royalties and payments for services rendered by non-residents. |
Ecuador | Varies | Varies | Varies | Ecuador applies domestic withholding to a wide range of outbound payments, including dividends, interest, royalties and technical, administrative and consultancy service fees, with materially higher rates applying to payments made to parties in tax-haven or preferential-tax jurisdictions. |
Egypt | 10% | 20% | 20% | Egypt levies dividend withholding tax at 10% on distributions to non-resident shareholders (reduced to 5% for dividends on shares listed on the Egyptian Exchange, subject to conditions), withholding tax on interest paid to non-residents at 20% (with specific exemptions for interest on certain government and bank-related debt instruments), and withholding tax on royalties and technical service fees paid to non-residents at 20%. |
El Salvador | 5% | 20% | 20% | El Salvador imposes withholding tax on a range of domestic and cross-border payments, and has a comparatively narrow bilateral tax treaty network relative to larger economies, meaning the domestic withholding rates below typically apply in full absent a specific treaty. |
Equatorial Guinea | 15% | 15% | 10% | Equatorial Guinea withholds tax on dividends and interest paid to non-residents at 15%, and on royalties paid to non-CEMAC residents at 10%. Under the current tax code a 10% withholding also applies to services rendered to entities located in Equatorial Guinea, with a maximum 10% rate for CEMAC-resident recipients, subject to relief under the CEMAC tax convention. |
Estonia | 0% | 0% | 10% | No classic dividend withholding — profits are taxed only on distribution at the company level. Arm’s-length interest is exempt. Royalties are 10% (0% under the EU Interest & Royalties Directive). Payments to listed low-tax territories bear 22%. |
Eswatini | 15% | 15% | 15% | Withholding tax on payments to non-residents has been fixed at 15% generally, covering dividends, interest, royalties and management or consultancy fees paid to non-residents, unless reduced under a double taxation agreement. |
Ethiopia | 15% | 10% | 10% | Ethiopia withholds 15% on dividends, 10% on interest and 10% on royalties paid to non-residents, under Articles 52(2) and 56(2) of the Federal Income Tax Proclamation No. 979/2016 as replaced by the Income Tax (Amendment) Proclamation No. 1395/2025 (the 5% rate for royalties related to art and culture is available only to residents, under Article 56(1)(b)). Payments to non-residents for management, technical and consultancy services are generally subject to a 15% withholding, subject to treaty relief. |
Finland | 20% / 30% | 0% | 20% | Qualifying EU/EEA corporate dividends are exempt; other corporate and portfolio dividends are 20% (individuals 30%; 35% for undisclosed nominees). Ordinary interest is exempt. Royalties are 20% (0% under the EU Interest & Royalties Directive). |
France | 25% | 0% | 25% | Interest is generally exempt. The EU Parent-Subsidiary and Interest & Royalties Directives can reduce dividends and royalties to 0%. |
Gabon | Varies | Varies | Varies | Gabon applies withholding tax to a range of payments made to residents and non-residents, with the treatment for non-residents lacking a Gabonese permanent establishment generally operating as a final tax. |
Georgia | 5% | 5% | 5% | Non-resident enterprises earning Georgian-source income other than through a PE are subject to withholding tax at source. |
Germany | 26.375% | 0% | 15.825% | Rates include the 5.5% solidarity surcharge. Interest is generally exempt except on profit-participating / convertible instruments. |
Ghana | 8% | 8% | 15% | Ghana imposes withholding tax on a wide range of domestic and cross-border payments, some of which are final and others of which represent an advance credit against the recipient’s final assessed liability. |
Gibraltar | 0% | 0% | 0% | Gibraltar imposes no withholding tax on dividends paid to residents or non-residents, reflecting the single layer of taxation at company level. |
Greece | 5% | 15% | 20% | Greece applies domestic withholding tax on dividends at 5%, on interest at 15%, and on royalties and certain technical/consulting fees paid to non-residents at 20%, subject to reduction or elimination under the EU Parent-Subsidiary and Interest-Royalties Directives for qualifying intra-EU payments meeting minimum shareholding and holding-period thresholds. |
Greenland | Varies | Varies | Varies | Greenland applies withholding tax to dividends paid by Greenlandic companies, with rates that can differ by the municipality of the paying company, reflecting the interaction between national and municipal taxation in the Greenlandic system. |
Guatemala | 5% | 10% | 15% | Guatemala applies flat withholding taxes on Guatemala-source payments to residents and non-residents alike, since the system does not distinguish sharply between resident and non-resident taxation for withholding purposes beyond specific rate schedules for cross-border service and royalty payments. |
Guernsey | 0% | 0% | 0% | Guernsey does not impose withholding tax on dividends, interest or royalties paid by Guernsey companies to any recipient, whether resident or non-resident, reflecting the general absence of a domestic charge on such outbound flows. |
Guyana | 20% | 20% | 20% | Guyana imposes withholding tax on specified payments to non-residents, generally at a standard domestic rate before any treaty relief. |
Honduras | 10% | 10% | 25% | Honduras applies withholding tax on outbound payments to non-residents under a schedule in Article 5 of the Income Tax Law: 10% on dividends, interest, insurance premiums, transport and communications/software income and on any other operating income not specifically listed, and 25% on rents, service and salary payments, royalties for patents, trademarks and copyright, films and public entertainment. |
Hong Kong | 0% | 0% | 4.95% | No withholding on dividends or interest. Royalties to non-residents bear ≈4.95% (16.5% if paid to an associate where the IP was previously owned by a Hong Kong taxpayer). |
Hungary | 0% / 15% | 0% / 15% | 0% / 15% | No withholding on dividends, interest or royalties paid to foreign companies. Payments to individuals bear 15%. |
Iceland | 20% | 12% | 20% | Dividends are 20% (refund or relief for EEA and comparably-taxed companies; individuals 22%). Interest is 12% (statutory exemptions for certain bonds and deposits). Royalties are 20% (individuals 22%). |
India | 20% | 20% | 20% | Rates carry surcharge and cess; some external commercial-borrowing interest is 5%. Treaties commonly reduce to 10%–15%. |
Indonesia | 20% | 20% | 20% | Indonesia imposes withholding tax (Article 26 income tax) on Indonesian-source payments to non-residents, generally at a domestic rate of 20% on gross income, covering dividends, interest, royalties, rentals, and certain service fees, with the branch profits tax described in Section 2.11 applying separately to permanent establishment after-tax profits. |
Iraq | 0% | Varies | Varies | Iraq applies withholding-style retention mechanisms on a range of payments, most prominently a retention requirement on payments to contractors and subcontractors (a common feature of oil and gas sector and government contracting) that functions as an advance collection mechanism against the contractor’s final assessed liability. |
Ireland | 25% | 20% | 20% | Wide domestic exemptions apply (e.g. payments to EU/treaty residents). |
Isle of Man | 0% | 0% | 0% | The Isle of Man does not impose withholding tax on dividends, interest or royalties paid by Manx companies to any recipient, whether resident or non-resident, reflecting the general absence of a domestic charge on such outbound flows. |
Israel | 25% / 30% | 23% / 25% | 23% / 25% | Dividends are 25% (30% for substantial shareholders; 20% or less for preferred/technology-enterprise income). Interest and royalties are 23% for companies and 25% for individuals. |
Italy | 26% | 26% | 22.5% | Government-bond interest is 12.5%; royalties bear a 22.5% effective rate. EU directives can reduce dividends and royalties to 0%. |
Jamaica | 15% | Varies | Varies | Jamaica applies a general withholding tax of 33⅓% on specified payments to non-resident corporations — including interest, royalties, annuities, rentals, insurance premiums and service fees — unless a lower treaty rate applies and the payer secures the requisite TAJ authorisation. |
Japan | 20.42% | 15.315% / 20.42% | 20.42% | Rates include the 2.1% surtax. Listed-share dividends and bond/deposit interest are 15.315%; loan interest is 20.42%. Treaties commonly reduce to 0%–10%. |
Jersey | 0% | 0% | 0% | Jersey does not impose withholding tax on dividends, interest or royalties paid by Jersey companies to any recipient, resident or non-resident, reflecting the general absence of a domestic charge on such outbound flows. |
Jordan | 0% | 7% | 10% | Jordan imposes withholding tax on specified payments to non-residents without a Jordanian permanent establishment, generally at a flat rate absent treaty relief, alongside withholding obligations on certain payments to residents that operate as an advance payment of tax rather than a final liability. |
Kazakhstan | 15% | 15% | 15% | Kazakhstan imposes withholding tax on Kazakhstan-source income paid to non-residents without a local permanent establishment, covering dividends, interest, royalties and specified service fees, generally at a domestic statutory rate of 15% (20% for payments to entities in jurisdictions on Kazakhstan’s low-tax blacklist, unless treaty relief applies and substance is demonstrated). |
Kenya | 15% | 15% | 20% | Dividends and interest are 15% final; royalties and management/professional fees are 20% final. Treaties commonly reduce these to 10%–15%. |
Kosovo | 0% | 10% | 10% | Kosovo does not levy withholding tax on dividends paid to residents or non-residents, reflecting the general dividend exemption described in section 2.2. |
Kuwait | 15% | 15% | ~14.8% | No conventional withholding — foreign bodies are taxed at 15% on Kuwait-source income (dividends on listed securities are withheld by custodians; royalties are taxed on a 98.5% deemed-profit basis, ~14.8% effective). A 5% contract retention applies until a tax-clearance certificate issues. |
Laos | 10% | 10% | 5–10% | Lao PDR applies withholding tax to dividends, interest and royalties paid to non-residents, along with withholding on certain service fees and payments to non-resident contractors. |
Latvia | 0% | 0% | 0% | No withholding on dividends, interest or royalties (20% if paid to listed low-tax jurisdictions). Management and consulting fees bear 20%; disposals of Latvian real estate bear 3% of proceeds. |
Lebanon | 10% | 7% | 8.5% | Lebanon applies withholding tax on dividend distributions (10%), on interest income (7%, temporarily 10% from August 2019 to July 2022), and on payments to non-residents for goods and services, most recently increased with effect from 1 April 2024 to 8.5% for services (from 7.5%) and 3.4% for goods and other payments (from 2.25%). |
Libya | Varies | Varies | Varies | Libya applies withholding tax at source on specified categories of payment to non-residents without a taxable presence in Libya, including dividends, interest, royalties and technical or management service fees, functioning as the principal mechanism for collecting Libyan tax on Libyan-source income paid to non-resident recipients. |
Liechtenstein | 0% | 0% | 0% | Liechtenstein levies no withholding tax on dividends, interest or royalties paid to residents or non-residents, a deliberate policy choice that removes withholding tax frictions from cross-border financing and holding structures routed through Liechtenstein entities. |
Lithuania | 0% / 17% | 10% | 10% | Dividends are exempt for corporate holdings of ≥10% for 12 months; otherwise 17%. Interest is 10% (0% for EEA/treaty-country companies). Royalties are 10% (0% for 25% EU associates). |
Luxembourg | 15% | 0% | 0% | No withholding on interest or royalties. The participation exemption / EU directive can reduce dividend withholding to 0%. |
Madagascar | 10% | 20% | 10% | Madagascar applies withholding tax principally to payments made to non-residents without a Malagasy permanent establishment: a general rate of 10% applies to Madagascar-source income realised by foreign service providers, including dividends, while financial loan interest is subject to a higher 20% withholding rate reflecting specific policy scrutiny of cross-border debt. |
Malaysia | 0% | 15% | 10% | Malaysia levies no withholding tax on dividends under its single-tier system. Interest paid to non-residents bears 15% (deposit interest from Malaysian licensed banks is exempt), royalties 10%, and technical or management service fees performed in Malaysia 10% under section 109B, with contract payments to non-resident contractors withheld at 10% plus 3%; treaties commonly reduce interest to 10% and royalties to 8%. |
Malta | 0% | 0% | 0% | Malta generally does not levy withholding tax on dividends, interest or royalties paid to non-residents, reflecting the imputation system under which company-level tax is treated as the final charge; this is one of the most distinctive features of the regime and a key driver of Malta’s use as a holding and financing jurisdiction. |
Mauritania | Varies | Varies | Varies | Mauritania applies withholding tax at source on a range of outbound and domestic payments, particularly to non-resident recipients without a permanent establishment in Mauritania. |
Mauritius | 0% | 15% | 15% | No withholding on dividends from resident companies. Interest and royalties are 15% (interest paid by a Global Business company from foreign-source income is 0%). Rent and technical/professional fees bear 10%. |
Mexico | 10% | 4.9–40% | 25% / 35% | Interest varies by lender (4.9% for registered foreign banks, up to 35%, and 40% for related parties taxed under a preferential tax regime). Royalties are generally 25% (35% for patents/trademarks). |
Moldova | 6–15% | 12% | 12% | Domestic withholding applies to dividends, interest and royalties paid to non-residents, generally at rates set in the Tax Code, subject to reduction under Moldova’s growing network of double tax treaties. |
Monaco | 0% | 0% | 0% | Monaco does not levy withholding tax on dividends, interest or royalties paid to residents or non-residents, consistent with the narrow scope of the ISB and the complete absence of a personal income tax base for non-French residents. |
Mongolia | 10% | 10% | 10% | Mongolia applies withholding tax on specified categories of income paid to non-residents without a Mongolian permanent establishment, principally dividends, interest, royalties and gains on the sale of rights or immovable property, generally at the same flat gross rates that apply domestically. |
Montenegro | 15% | 15% | 15% | Montenegro levies withholding tax on specified payments made to non-residents, including dividends, interest, royalties, and fees for consulting, market research, and audit services, generally at a domestic rate of 15%, unless reduced under an applicable double-tax treaty. |
Morocco | 13.75% | 10% | 10% | Domestic withholding applies to dividends paid to non-residents and to resident individuals at a standard rate in the region of 13.75%–15% (rates have been progressively adjusted under recent Finance Laws and should be confirmed against the rate in force for the payment date), to interest paid to non-residents (commonly 10%, subject to treaty reduction), and to royalties and fees for services rendered by non-residents (commonly 10%, with a higher rate historically applicable to certain categories before harmonisation). |
Mozambique | 20% | 20% | 20% | Mozambique applies a final and definitive withholding tax of 20% on most categories of Mozambican-source income paid to non-resident entities without a local permanent establishment, with a reduced 10% rate applying to specified categories of income including digital goods and services following the recent CIT Code amendments. |
Myanmar | 0% | 0% | 10% | Myanmar applies withholding tax on specified categories of domestic and cross-border payments, with differentiated rates for payments to residents versus non-residents. |
Namibia | 10% | 10% | 10% | Namibia imposes non-resident shareholders’ tax on dividends paid to non-resident shareholders, and withholding taxes on interest, royalties, and management or consultancy fees paid to non-residents without a Namibian place of business. |
Nepal | 5% | 15% | 15% | Nepal withholds 5% on dividends and 15% on interest, royalties and service fees paid to non-residents, subject to reduction under its double tax treaty network. |
Netherlands | 15% | 0% | 0% | A 25.8% conditional withholding tax applies to dividends, interest and royalties paid to low-tax jurisdictions or abusive arrangements (extended to dividends from 1 January 2024). |
New Zealand | 30% | 15% | 15% | Fully imputed dividends are taxed at 15% (or 0%); an approved issuer levy of 2% can replace interest NRWT. |
Nicaragua | 15% | 15% | Varies | Nicaragua imposes definitive withholding tax on a range of payments to both resident and non-resident recipients, reflecting the territorial system’s reliance on withholding as a collection mechanism for capital income and cross-border flows. |
Nigeria | 10% | 10% | 10% | Dividends, interest and royalties are 10% final (royalties to individuals 5%). Treaties commonly reduce these to 7.5%–10%. |
North Macedonia | 10% | 10% | 10% | Domestic withholding applies to dividends at a flat 10% rate, and to interest, royalties and certain service fees paid to non-residents, generally also at 10%, subject to reduction under North Macedonia’s double tax treaty network. |
Norway | 0% / 25% | 0% / 15% | 0% / 15% | Qualifying EEA corporate dividends are 0% (substance required); other corporate and portfolio dividends are 25%. Ordinary interest and royalties are exempt, but 15% applies to related-party interest, royalties and tangible-asset leases paid to low-tax jurisdictions. |
Oman | 0% | 0% | 10% | The 10% statutory withholding on dividends and interest has been suspended since 2019 (currently 0%). Royalties, management fees and service fees bear 10% final on gross. |
Pakistan | 15% | Varies | 15% | Pakistan applies an extensive withholding tax system covering dividends, interest (profit on debt), royalties, technical and management service fees, contract payments, and the sale of goods, with many of these withholdings operating as minimum or final taxes rather than mere advance payments, particularly for non-active taxpayers who face rates enhanced by up to 100%. |
Palestinian Territories | Varies | Varies | Varies | Palestinian tax law applies withholding at source to specified categories of payment, particularly employment income (withheld by employers under the progressive schedule) and payments to non-residents without a taxable presence in the Palestinian territories. |
Panama | 10% | ~12.5% | ~12.5% | Panama imposes withholding tax on specified categories of Panama-source payments to non-residents, while payments properly characterised as foreign-source (e.g., for services fully rendered and used outside Panama) fall outside the withholding net under the territorial principle. |
Papua New Guinea | Varies | Varies | Varies | Papua New Guinea imposes withholding tax on dividends, interest and royalties paid to residents and non-residents, together with a management fee withholding tax on payments to non-residents for management services and a mining/petroleum-sector withholding regime on payments to non-resident contractors and sub-contractors. |
Paraguay | 15% | ~15% | ~15% | Paraguay withholds tax on outbound payments primarily through the IDU on dividends and the Non-Resident Income Tax (INR) on other categories of Paraguayan-source payments to non-residents, including interest, royalties and services fees, generally computed on a deemed net income basis (a statutory presumed profit percentage of gross payment) to which the standard rate is then applied, producing materially lower effective withholding than the nominal top rate might suggest. |
Peru | 5% | 4.99% | 30% | Domestic withholding applies to dividends at 5% (both to non-residents and resident individuals), to interest paid to non-residents generally at 4.99% where specific registration and arm’s-length conditions on cross-border loans are satisfied (30% otherwise, reflecting the general non-domiciled rate, subject to reduction for qualifying bank and capital-market financing), and to royalties and technical/management service fees paid to non-residents generally at 30% on the gross payment, absent treaty relief or a specific reduced statutory rate for digital and technical assistance services. |
Philippines | 25% | 20% | 25% | The Philippines imposes final withholding tax on Philippine-source dividends, interest, royalties, and rents paid to non-residents, with rates depending on the nature of the recipient (individual or corporate) and residence status. |
Poland | 19% | 20% | 20% | Poland withholds 19% on dividends and 20% on interest and royalties paid to non-residents, with a pay-and-refund mechanism on payments above PLN 2m and exemptions under the EU Parent-Subsidiary and Interest-Royalties Directives and its treaties. |
Portugal | 25% | 25% | 25% | EU directives can reduce dividends, interest, and royalties to 0%; treaties typically reduce to 5%–15%. |
Puerto Rico | 10% | 29% | 29% | Puerto Rico withholds 10% on dividends to non-resident recipients and 29% on interest and royalties paid to non-residents not engaged in a Puerto Rico trade or business (qualified portfolio interest is 0%, and Act 60 manufacturing decrees reduce royalty withholding); US federal rules interact for bona fide residents. |
Qatar | 0% | 5% | 5% | No withholding on dividends. Interest, royalties and service fees for services performed in Qatar bear 5%. A 3% contract retention applies to temporary branches until tax clearance. |
Republic of the Congo | 15% | 20% | 20% | The Republic of Congo imposes withholding tax on a range of payments to non-residents, reflecting the territoriality-based approach to taxing income sourced in the country. |
Romania | 16% | 16% | 16% | Dividends are 16% for distributions from 1 January 2026 (raised from 10% in 2025; 0% under the EU Parent-Subsidiary Directive). Interest and royalties are 16% (0% under the EU Interest & Royalties Directive). Artificial transactions with non-cooperative jurisdictions bear 50%. |
Russia | 15% | 25% | 25% | Russia withholds 15% on dividends and 25% on interest and royalties paid to non-residents (the 20% general rate rose to 25% from 1 January 2025); the suspension of many double tax treaty provisions since 2023 means the domestic rates now apply in a wider range of cases. |
Rwanda | 15% | 15% | 15% | Rwanda imposes withholding tax on dividends, interest, royalties and management or technical service fees paid to residents and non-residents, together with a general 15% withholding tax on payments made to suppliers who are not registered for tax or who fail to provide a taxpayer identification number, which functions as a compliance-enforcement withholding distinct from the income-specific rates below. |
Saudi Arabia | 5% | 5% | 15% | Saudi Arabia withholds 5% on dividends and interest, 15% on royalties, and 5%–20% on other service payments to non-residents, subject to relief under its double tax treaty network. |
Senegal | 10% | 8–16% | 20% | Senegal levies withholding tax on a range of payments to non-residents, including dividends, interest, royalties and fees for services rendered to Senegalese taxpayers, reflecting the country’s approach of capturing non-resident income primarily at source in the absence of a local permanent establishment. |
Serbia | 20% | 20% | 20% | Serbia levies withholding tax on specified categories of Serbian-source income paid to non-residents. |
Singapore | 0% | 15% | 10% | One-tier system: no withholding on dividends. |
Slovakia | 0% / 7% | 19% | 19% | Corporate dividends from post-2004 profits are exempt; dividends to individuals bear 7%. Interest and royalties are 19% (0% for intra-EU associated companies under the EU Interest & Royalties Directive). Payments to non-cooperative jurisdictions bear 35%. |
Slovenia | 15% | 15% | 15% | Standard 15% (0% under the EU Parent-Subsidiary and Interest & Royalties Directives). Payments to low-tax listed jurisdictions bear 15% with treaty relief generally unavailable. |
South Africa | 20% | 15% | 15% | South Africa levies dividends tax at 20% on dividends paid by resident companies (and JSE-listed non-resident companies), withholding tax on interest paid to non-residents at 15% (with a wide domestic exemption for interest on listed debt and certain bank deposits), and withholding tax on royalties paid to non-residents at 15%. |
South Korea | 22% | 22% | 22% | South Korea withholds 22% (20% national plus a 2% local surtax) on dividends, general interest and royalties paid to non-residents; interest on qualifying Korean company and government bonds is withheld at 15.4%, subject to treaty relief. |
Spain | 19% | 19% | 24% | Interest and royalties paid to EU residents are generally exempt or reduced to 19%. |
Sri Lanka | 15% | 10% | 14% | Sri Lanka withholds 15% on dividends, 10% on interest and 14% on royalties and service fees paid to non-residents, subject to reduction under its double tax treaty network. |
Sweden | 30% | 0% | 0% | Sweden levies a 30% coupon tax (kupongskatt) on dividends paid to non-residents but imposes no withholding on interest or royalties — royalties are instead taxed on a net basis where a Swedish tax liability arises — subject to EU directives and treaty relief. |
Switzerland | 35% | 0% / 35% | 0% | No withholding on royalties. The 35% on dividends and bond/deposit interest is largely refundable under treaties. |
Taiwan | 21% | 15% / 20% | 20% | Dividends are 21%. Interest is 15% on bonds, short-term bills and repos and 20% otherwise. Royalties are 20% (0% for approved technology introduction). Treaties commonly reduce these to 10%–15%. |
Tajikistan | 12% | 12% | 15% | Tajikistan withholds tax at source on payments to non-residents: 12% on dividends and interest, and 15% on royalties and other income not separately listed, subject to reduction under an applicable double tax treaty. |
Tanzania | 10% | 10% | 15% | Tanzania applies withholding tax at source across a broad range of domestic and cross-border payments, generally remitted by the payer to the TRA by the 7th day of the following month. |
Thailand | 10% | 15% | 15% | Treaty relief can reduce interest and royalties to 5%–10%. |
Timor-Leste | 10% | 10% | 10% | Timor-Leste applies a largely flat withholding tax architecture. |
Trinidad and Tobago | 8% (3% to a parent company) | 15% | 15% | Trinidad and Tobago imposes withholding tax on dividends, interest, royalties and management/technical service fees paid to non-residents. |
Tunisia | 10% | 20% | 15% | Tunisia applies withholding tax to a range of domestic and outbound payments. |
Turkey | 15% | 0% / 10% | 20% | Dividends are 15% (raised from 10% by Presidential Decree No. 9286, effective 22 December 2024). Interest is 0% on loans from foreign banks/financial institutions and 10% on other foreign loans. Royalties are 20%. Treaties commonly reduce dividends to 5%–15%. |
Turkmenistan | 15% | 15% | 15% | Turkmenistan imposes withholding tax on payments of Turkmenistan-source dividends, interest and royalties made to non-resident recipients, generally at a domestic rate of around 15%, absent treaty relief. |
Uganda | 15% | 15% | 15% | Uganda imposes withholding tax on a wide range of domestic and cross-border payments, generally applied at source by the payer and remitted to the URA by the 15th of the following month. |
Ukraine | 15% | 15% | 15% | Passive income — dividends, interest, royalties and specified other payments — paid to non-residents from Ukrainian sources is generally subject to withholding tax (WHT) at a domestic statutory rate of 15%, unless a lower rate or exemption is available under an applicable double tax treaty (DTT) and the required documentation (a valid certificate of tax residence and, where relevant, beneficial-ownership confirmation) is provided to the Ukrainian payer. |
United Arab Emirates | 0% | 0% | 0% | No withholding tax on dividends, interest, or royalties. |
United Kingdom | 0% | 20% | 20% | No withholding on dividends, except 20% on REIT property income distributions. Exemptions apply to some interest and royalty payments; the interest rate rises to 22% from 6 April 2027. |
United States | 30% | 30% | 30% | Qualifying portfolio and bank-deposit interest is generally exempt from the 30% rate. |
Uruguay | 7% | 12% | 12% | Domestic withholding under the Non-Resident Income Tax (IRNR) applies at a general rate of 12% on Uruguayan-sourced income obtained by non-residents without a Uruguayan permanent establishment, covering most categories of interest, royalties, technical service fees and capital gains not otherwise subject to a specific reduced statutory rate. |
Uzbekistan | 10% | 10% | 20% | Uzbekistan levies withholding tax on Uzbek-source payments to non-residents without a local PE: dividends and interest are generally withheld at 10%, and royalties at 20%, with insurance and reinsurance premiums, international transportation income and other specified payment categories subject to their own withholding rates under the Tax Code. |
Venezuela | 34% | 4.95% | 34% | Venezuela taxes dividends distributed out of income not taxed at the corporate level at rates up to 34%; interest paid to non-resident financial institutions is effectively withheld at 4.95%, while other interest and royalties are taxed on a deemed-income basis at effective rates up to roughly 34%. |
Vietnam | 0% | 5% | 10% | Vietnam applies withholding tax on outbound payments to foreign organisations and individuals without a Vietnamese permanent establishment, principally through the Foreign Contractor Tax (FCT) mechanism, which combines a deemed VAT element and a deemed CIT element calculated as a percentage of gross payment depending on the nature of the service. |
Zambia | 20% | 20% | 20% | Zambia levies withholding tax on dividends, interest, royalties, management and consultancy fees, and rental payments made to both residents and non-residents, with non-resident rates generally higher absent treaty relief. |
Zimbabwe | 10% | 15% | 15% | Zimbabwe imposes withholding tax on dividends, interest, royalties, fees for management or technical services, and payments to non-resident contractors and consultants. |