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%
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