Corporate - Withholding taxes

Last reviewed - 02 December 2022

Greenland has the following WHTs:

  • Dividends: 36% to 44%, depending on the local municipality (may be reduced by treaty). It should be noted that paid dividends are deductible in the corporate tax base.
  • Interest: There is no WHT on interest.
  • Royalties: 30% (may be reduced due to treaty reduction).

Treaty rates are as follows:

Recipient WHT (%)
Dividends Interest Royalties
Denmark 35 0 10
Faroe Islands No relief (36% to 44%) 0 25
Iceland 35 0 15
Norway 35 0 10

Limited international general anti-abuse

Greenland has introduced a limited international general anti-abuse rule whereby a taxpayer will not be granted the advantages of a DTT if it is reasonable to conclude, in light of all relevant circumstances, that granting this advantage is one of the principal aims of the arrangement or transaction, unless it is satisfied that granting the advantage in the concrete circumstances is in accordance with the content and purpose of the provision in question.