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. In case S&P DJI (for indexes calculated by them) uses a different tax rate than Solactive, it's provided in parentheses.
 

Definitions

  • Net dividend: declared dividend less withholding tax
  • Gross dividend: declared dividend
CountryTax
Albania8.000%
Algeria15.000%
Anguilla0.000%
Argentina7.000%
Australia30.000%
Austria27.500%
Bahamas0.000%
Bahrain0.000%
Bangladesh20.000%
Belarus12.000%
Belgium30.000%
Bermuda0.000%
Bosnia and Herzegovina5.000%
Botswana10.000%
Bolivia12.500%
Brazil0.000%
British Virgin Islands0.000%
Bulgaria5.000%
Burkina Faso12.500%
Cameroon16.500%
Canada25.000%
Cayman Islands0.000%
Chile35.000%
China10.000%
Colombia10.000%
Costa Rica15.000%
Croatia10.000%
Curaçao0.000%
Cyprus0.000%
Czech Republic35.000%
Denmark27.000%
Dominican Republic10.000%
Ecuador10.000%
Egypt5.000% (10.000%)
 
Estonia0.000%
Faroe Islands35.000%
Finland35.000% (30.000%)
 
France25.000%
 
Gabon20.000%
Germany26.375%
Ghana8.000%
Gibraltar0.000%
Greece5.000%
Guernsey0.000%
Honduras10.000%
Hong Kong0.000%
Hungary0.000%
Iceland20.000%
India20.000%
Indonesia20.000%
Ireland25.000%
Isle of Man0.000%
Israel25.000%
Italy26.000%
Ivory Coast10.000%
Jamaica33.330%
Japan15.315% (20.415%)
 
Jersey0.000%
Kazakhstan15.000%
Kenya15.000%
Kuwait0.000%
Latvia0.000%
Lebanon10.000%
Liberia15.000%
CountryTax
Liechtenstein0.000%
Lithuania15.000%
Luxembourg15.000%
Macao0.000%
Malaysia0.000%
Malta0.000%
Marshall Islands0.000%
Mauritius0.000%
Mexico10.000%
Monaco0.000%
Mongolia20.000%
Morocco15.000%
Namibia20.000%
Netherlands15.000%
New Zealand30.000%
Nicaragua15.000%
Niger0.000%
Nigeria10.000%
North Macedonia10.000%
Norway25.000%
Oman0.000%
Pakistan15.000%
Panama10.000%
Papua New Guinea15.000%
Paraguay15.000%
Peru5.000%
Philippines25.000%
Poland19.000%
Portugal25.000%
Puerto Rico10.000%
Qatar0.000%
Romania5.000%
Russia15.000%
Saudi Arabia5.000%
Senegal10.000%
Serbia20.000%
Seychelles15.000%
Singapore0.000%
Slovakia35.000%
Slovenia15.000%
South Africa20.000%
South Korea22.000%
Spain19.000%
Sri Lanka0.000%
Sweden30.000%
Switzerland35.000%
Taiwan21.000%
Tanzania10.000%
Thailand10.000%
Togo13.000%
Tunisia10.000%
Turkey10.000%
Turkmenistan15.000%
Ukraine15.000%
United Arab Emirates0.000%
United Kingdom0.000%
Uruguay7.000%
USA30.000%
US Virgin Islands10.000%
Uzbekistan10.000%
Venezuela34.000%
Vietnam0.000%
Zambia20.000%
Zimbabwe10.000%
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