Skip to Content

Withholding Taxes

The percentage of Withholding Taxes varies, depending on the jurisdiction where taxes occur. Dividend payments are included as net dividends for total return net (TRN) Indexes and on a gross dividend basis for total return gross (TRG) Indexes. This page provides the most recent list of withholding taxes.  
 

Definitions

  • Net dividend: declared dividend less withholding tax
  • Gross dividend: declared dividend
CountryTax
ALGERIA15%
ANTIGUA AND BARBUDA25%
ARGENTINA7%
ARMENIA5%
AUSTRALIA30%
AUSTRIA28%
BAHAMAS0%
BAHRAIN0%
BANGLADESH20%
BARBADOS15%
BELARUS12%
BELGIUM30%
BENIN15%
BERMUDA0%
BHUTAN10%
BOSNIA AND HERZEGOVINA5%
BOTSWANA10%
BRAZIL0%
BRITISH VIRGIN ISLANDS0%
BULGARIA5%
BURKINA FASO13%
CAMBODIA14%
CAMEROON17%
CANADA25%
CAPE VERDE0%
CAYMAN ISLANDS0%
CHILE35%
CHINA10%
COLOMBIA20%
COSTA RICA15%
CROATIA10%
CURACAO0%
CYPRUS0%
CZECH REPUBLIC35%
DEMOCRATIC REPUBLIC OF THE CONGO10%
DENMARK27%
DOMINICA10%
ECUADOR10%
EGYPT5%
EL SALVADOR5%
EQUATORIAL GUINEA25%
ESTONIA0%
ESWATINI15%
FAROE ISLANDS35%
FIJI0%
FINLAND35%
FRANCE25% 
GABON20%
GEORGIA5%
GERMANY26.375%
GHANA8%
GIBRALTAR0%
GREECE5%
GRENADA15%
GUERNSEY0%
GUYANA20%
HONG KONG0%
HUNGARY0%
ICELAND20%
INDIA20%
INDONESIA20%
IRAN5%
IRAQ0%
IRELAND25%
ISLE OF MAN0%
ISRAEL25%
ITALY26%
IVORY COAST10%
JAMAICA33%
JAPAN15.315% 
JERSEY0%
JORDAN10%
KAZAKHSTAN15%
KENYA15%
KUWAIT0%
KYRGYZSTAN10%
LAOS10%
LATVIA0%
LEBANON10%
LIBERIA15%
LIECHTENSTEIN0%
LITHUANIA15%
LUXEMBOURG15%
MALAWI15%
MALAYSIA0%
MALDIVES10%
MALI10%
MALTA0%
MARSHALL ISLANDS0%
MAURITIUS0%
MEXICO10%
MOLDOVA6%
MONGOLIA20%
MONTENEGRO15%
MOROCCO14%
MOZAMBIQUE20%
MYANMAR0%
NAMIBIA20%
NEPAL5%
NETHERLANDS15%
NEW ZEALAND30%
NIGER0%
NIGERIA10%
NORTH MACEDONIA10%
NORWAY25%
OMAN0%
PAKISTAN15%
PALESTINIAN TERRITORY0%
PANAMA10%
PAPUA NEW GUINEA15%
PERU5%
PHILIPPINES25%
POLAND19%
PORTUGAL25%
PUERTO RICO10%
QATAR0%
ROMANIA8%
RUSSIA15%
RWANDA15%
SAINT KITTS AND NEVIS15%
SAINT LUCIA0%
SAINT VINCENT AND THE GRENADINES0%
SAUDI ARABIA5%
SENEGAL10%
SERBIA20%
SEYCHELLES15%
SINGAPORE0%
SLOVAKIA35%
SLOVENIA15%
SOUTH AFRICA20%
SOUTH KOREA22%
SPAIN19%
SRI LANKA15%
SUDAN10%
SWEDEN30%
SWITZERLAND35%
SYRIA0%
TAIWAN21%
TANZANIA10%
THAILAND10%
TOGO13%
TRINIDAD AND TOBAGO8%
TUNISIA10%
TURKEY10%
UGANDA15%
UKRAINE15%
UNITED ARAB EMIRATES0%
UNITED KINGDOM0%
UNITED STATES30%
URUGUAY7%
VENEZUELA34%
VIETNAM0%
ZAMBIA20%
ZIMBABWE10%