Quick Charts

Withholding tax (WHT) rates

Dividend, interest, and royalty WHT rates for WWTS territories


Statutory WHT rates on dividend, interest, and royalty payments made by companies in WWTS territories to residents and non-residents are provided. Double taxation agreements between territories often provide reduced WHT rates. See the territory summaries for more detailed information.
Territory WHT rates (%) (Div/Int/Roy)
Albania (Last reviewed 22 June 2020) Resident: NA;
Non-resident: 8 / 15 / 15
Algeria (Last reviewed 01 June 2020) Resident: 15 / 10 / 24;
Non-resident: 15 / 10 / 24
Angola (Last reviewed 07 July 2020) Dividends and royalties are taxed at 10%, and the tax is withheld at source by the paying entity in Angola. Interest on loans granted by third parties or shareholders is liable to investment income tax at 15% and 10%, respectively.
Argentina (Last reviewed 18 June 2020) Registered taxpayer:
Resident: 0 or 7 / 6 / 6;
Non-resident: 7 / 0, 15.05, or 35 / 21 or 28;
Non-registered taxpayer:
Resident: 0 or 7 / 28 / 28;
Non-resident: 7 / 0, 15.05, or 35 / 21 or 28
Armenia (Last reviewed 13 July 2020) Resident: NA;
Non-resident: 10 / 10 / 10
Australia (Last reviewed 03 July 2020) Resident: 0 / 0 / 0 (Note that a rate of 49% applies in the case of interest and certain dividends where a Tax File Number is not quoted to the payer);
Non-resident: 30 / 10 / 30 (Note there are certain exemptions that may apply)
Austria (Last reviewed 30 June 2020) Resident: 0 or 27.5 / 0 or 25 or 27.5 / 0;
Non-resident: 0 or 27.5 / 0 / 0 or 20
Azerbaijan (Last reviewed 01 July 2020) Resident: 10 / 10 / 14;
Non-resident: 10 / 10 / 14
Bahrain (Last reviewed 16 August 2020) NA
Barbados (Last reviewed 10 September 2020) Resident individual: 15 or NA if paid out of foreign source income / 15 / NA
Resident company: NA / 15 / NA
Non-resident individual or company: 5 or NA if paid out of foreign source income / NA / NA
Belarus (Last reviewed 15 June 2020) Resident: NA;
Non-resident: 12 / 10 / 15
Belgium (Last reviewed 07 July 2020) Resident and non-resident: 30 / 30 / 30 (but many exemptions or reduced rates exist)
Bermuda (Last reviewed 06 August 2020) NA
Bolivia (Last reviewed 02 July 2020) Resident: NA;
Non-resident: 12.5 / 12.5 / 12.5
Bosnia and Herzegovina (Last reviewed 09 September 2020) Federation of Bosnia and Herzegovina: 5 / 10 / 10;
Republika Srpska: 5 / 10 / 10;
Brčko District: 0 / 10 / 10
Botswana (Last reviewed 31 July 2020) Resident: 7.5 / 10 / NA;
Non-resident: 7.5 / 15 / 15
Brazil (Last reviewed 31 August 2020) Resident: NA / 15 to 22.5 / NA;
Non-resident: 0 / 15 / 15;
Non-resident companies in tax haven countries: 0 / 25 / 25.
Bulgaria (Last reviewed 30 July 2020) EU resident: 0 (if paid to EU company) / 10 (0 if paid to associated company as per the EU Interest and Royalties rules introduced into domestic law) / 10 (0 if paid to associated company as per the EU Interest and Royalties rules introduced into domestic law);
Non-resident: 5 / 10 / 10
Cabo Verde (Last reviewed 08 July 2020) Resident: NA / 20 / 20;
Non-resident: NA / 20 / 20
Cambodia (Last reviewed 30 July 2020) Resident: NA / 15 (except paid to domestic bank) / 15;
Non-resident: 14 / 14 / 14
Cameroon, Republic of (Last reviewed 31 July 2020) Resident: 16.5 / 16.5 / 0;
Non-resident: 16.5 / 16.5 / 15
Canada (Last reviewed 17 June 2020) Resident: NA;
Non-resident: 25 / 25 / 25, may be reduced by treaty and to 0% for most interest paid to arm's-length non-residents.
Cayman Islands (Last reviewed 07 July 2020) NA
Chad (Last reviewed 02 September 2020) Resident: 20 / NA / NA;
Non-resident: 20 / 0 or 25 / 12.5 or 25
Chile (Last reviewed 02 June 2020) Resident: NA;
Non-resident: 35 / 4 or 35 / 30. DTT remedies are available.
China, People's Republic of (Last reviewed 30 June 2020) Resident: NA;
Non-resident: 10 / 10 / 10
Colombia (Last reviewed 07 July 2020) Resident: * / NA / NA;
Non-resident: * / 20 /20
* See the Withholding taxes section of Colombia's corporate tax summary.
Congo, Democratic Republic of the (Last reviewed 16 August 2020) Resident: 10 or 20 / 0 / 20;
Non-resident: 10 or 20 / 0 or 20 / 20
Congo, Republic of (Last reviewed 29 July 2020) Resident: 15 / 0 / 0;
Non-resident: 15 / 20 / 20
Costa Rica (Last reviewed 18 August 2020) Resident: 15 / 15 / 25;
Non-resident: 15 / 5.5 or 15 / 25
Croatia (Last reviewed 30 July 2020) Resident: 0 / 0 / 0 (corporate);
12 / 12 / 24 (individuals);
Non-resident: 12 / 15 / 15 (corporate);
12 / 12 / 24 (individuals);
For further information, see the Income determination section in the Individual summary and the Withholding taxes section in the Corporate summary.
Cyprus (Last reviewed 30 June 2020) Resident corporations: 0 / 30 (only on 'passive' interest) / 0;
Non-resident: 0 / 0 / 10 (only if royalties earned on rights used within Cyprus)
Czech Republic (Last reviewed 20 July 2020) Resident: 15 / 0 / 0;
Non-resident: 15 / 15 / 15 (35% WHT applies to residents of countries outside of the EU and EEA with which the Czech Republic does not have an enforceable DTT or TIEA)
Denmark (Last reviewed 03 August 2020) Resident: 27 / 22 / 22;
Non-resident: 27 / 22 / 22
Dominican Republic (Last reviewed 07 July 2020) Resident: 10 / NA / NA;
Non-resident: 10 / 10 / 27
Ecuador (Last reviewed 15 July 2020) Resident: 0 to 25 / 0 to 2 / 8;
Non-resident: 0, 10 or 14 / 0 or 25 / 0, 25, or 35
Egypt (Last reviewed 16 January 2020) Resident: 5 or 10 / NA / NA;
Non-resident: 5 or 10 / 20 / 20
El Salvador (Last reviewed 07 July 2020) Resident: 5 / 0 / 0;
Non-resident: 5 / 10 or 20 / 20;
Non-resident in a tax haven: 25 / 10 or 25 / 25
Equatorial Guinea (Last reviewed 01 September 2020) Resident: 10;
Non-resident: 25 / 25 / 15
Estonia (Last reviewed 23 June 2020) Resident corporate: 0 / 0 / 0;
Resident individual: 0 or 7 / 20 / 20;
Non-resident corporate: 0 / 0 / 10;
Non-resident individual 0 or 7 / 0 / 10
Fiji (Last reviewed 14 July 2020) Resident: 0 / 10 / 5;
Non-resident: 0 / 10 / 15
Finland (Last reviewed 30 June 2020) WHT rates on dividends, interest, and royalties for residents and non-residents vary on a case-by-case basis (as it is, e.g., dependent on a legal form of the payer and the recipient). See the Finland Corporate tax summary for more information.
France (Last reviewed 16 September 2019) Resident: NA;
Non-resident: 30 / 0 / 33.33
Gabon (Last reviewed 16 September 2020) Resident: 20 / NA / NA;
Non-resident: 20 / 20 / 20
Georgia (Last reviewed 23 June 2020) Resident: NA;
Non-resident: 5 / 5 / 5
Germany (Last reviewed 09 July 2020) Resident: 25 / 25 / 0;
Generally, only interest paid by banks to a resident is subject to WHT.
Non-resident: 25 / 0 / 15 or upon application as reduced by EU directive/double tax treaty/domestic law.
WHT is charged on interest from convertible or profit-sharing bonds and over-the-counter transactions.
Ghana (Last reviewed 09 July 2020) Resident: 8 / 8 / 15;
Non-resident: 8 / 8 / 15;
See Ghana's Corporate summary for a description of other WHTs.
Gibraltar (Last reviewed 30 July 2020) NA
Greece (Last reviewed 30 June 2020) Resident: 5* / 15 / 20;
Non-resident: 5* / 15 / 20
*(10 for dividends acquired until 31 December 2019)
Greenland (Last reviewed 02 June 2020) Resident: 36 to 44 / NA / 30;
Non-resident: 36 to 44 / NA / 30
Guatemala (Last reviewed 08 July 2020) Resident: NA;
Non-resident: 5 / 10 / 15
Guernsey, Channel Islands (Last reviewed 20 August 2020) Resident corporation: 0 / 0 / NA;
Resident individual: 0, 10, or 20 / 0 / NA;
Non-resident: 0 / 0 / NA
Guyana (Last reviewed 07 July 2020) Resident: 0 / 0 / 0;
Non-resident: 20 / 20 / 20
Honduras (Last reviewed 17 August 2020) Resident: 10 / 10 / 25;
Non-resident: 10 / 10 / 25
Hong Kong SAR (Last reviewed 30 June 2020) Resident: 0 / 0 / 0;
Non-resident: 0 / 0 / 2.475 or 4.95
Hungary (Last reviewed 20 April 2020) There is no WHT on any outbound payment made to foreign business entities based on the Hungarian domestic legislation.
Iceland (Last reviewed 09 July 2020) Resident: 22 / 22 / 0;
Non-resident: 20 / 12 / 20
India (Last reviewed 14 May 2020) Resident: 10* / 10 / 10;
Non-resident: 20* / 20** / 10
(The above are to be enhanced by surcharge and health and education cess)
* Tax withholding applies on dividends declared and paid by Indian companies to its shareholders on or after 1 April 2020; Prior to 1 April 2020, the company declaring dividend was required to pay Dividend Distribution Tax.
** Special WHT rates apply in certain cases where WHT rate is lower than 20%.
Indonesia (Last reviewed 29 June 2020) Resident: 15 / 15 / 15;
Non-resident: 20 / 20 / 20.
Iraq (Last reviewed 02 June 2020) Resident: NA / 1.8 to 10 / 1.8 to 10 depending on the industry;
Non-resident: NA / 15 / 15
Ireland (Last reviewed 10 August 2020) Resident: 25 / 20 / 20;
Non-resident: 25 / 20 / 20
Isle of Man (Last reviewed 24 August 2020) 0
Israel (Last reviewed 28 June 2020) Resident: 0 or 23 / 23 / 30;
Non-resident (non-treaty): 25 or 30 / 23 / 23.
Please note that the above rates are for companies only. We have not addressed the rates for resident individuals.
Italy (Last reviewed 02 July 2020) Resident: 0 / 0 or 26 / 0;
Non-resident: 26 / 26 / 30
Ivory Coast (Côte d'Ivoire) (Last reviewed 01 September 2020) Resident: 15 / 18 / NA;
Non-resident: 15 / 18 / 20
Jamaica (Last reviewed 19 August 2020) Resident: Dividends: 15% or 0% / Interest: 0% or 25% / Royalties: 0%;
Non-resident: Dividends/Interest/Royalties (non-treaty rates): 25% (individual) 33⅓% (corporate)
Japan (Last reviewed 01 September 2020) Resident: 20 / 20 / 0;
Non-resident: 15 / 20 / 20
Jersey, Channel Islands (Last reviewed 07 July 2020) NA
Jordan (Last reviewed 21 July 2020) Resident: 0 / 5 / 0;
Non-resident: 0 or 10 / 10 / 10
Kazakhstan (Last reviewed 02 July 2020) Resident: NA;
Non-resident: 15 / 15 / 15
Kenya (Last reviewed 03 August 2020) Resident: 5 / 10 to 25 / 5;
Non-resident: 15 / 15 to 25 / 20
Korea, Republic of (Last reviewed 30 June 2020) Resident corporation (individual): 0 (14% for individual, 14% for distribution of profit from securities investment trusts to corporation) / 14 (14% for individual, 25% for interest from a non-commercial loan) / 0 (20% for individual);
Non-resident: 20 / 20 (14% for interest derived from bonds issued by domestic corp.'s, etc.) / 20
Kosovo (Last reviewed 31 August 2020) Resident: NA/10/10;
Non-resident: NA/10/10
Kuwait (Last reviewed 07 July 2020) NA
Kyrgyzstan (Last reviewed 30 June 2020) Resident: NA / NA / 10;
Non-resident: 10 / 10 / 10
Lao PDR (Last reviewed 08 July 2020) Resident: 10 / 10 / 5;
Non-resident: 10 / 10 / 5
Latvia (Last reviewed 07 July 2020) Resident: NA;
Non-resident: 0 / 0 / 0;
Non-resident in tax haven: 20 / 20 / 20
Lebanon (Last reviewed 23 July 2020) Resident: 10 / 10 / NA;
Non-resident: 10 / 10 / 7.5;
Interest on bank deposits are subject to 10% and apply for residents and non-residents.
The rate has increased from 7% to 10% for 3 years from 1 August 2019
to 31 July 2022 after which the 7% rate will apply again.
Libya (Last reviewed 09 July 2020) NA
Liechtenstein (Last reviewed 18 June 2020) NA
Lithuania (Last reviewed 27 July 2020) Resident: NA;
Non-resident: 15 / 10 / 10 (0 / 0 / 0 may be achieved if certain conditions are met)
Luxembourg (Last reviewed 02 July 2020) Resident: 15 / 0 / 0;
Non-resident: 15 / 0 / 0
Macau SAR (Last reviewed 28 July 2020) NA
Madagascar (Last reviewed 03 August 2020) Resident: 0 / 20 / 0;
Non-resident: 0 / 20 / 10
Malawi (Last reviewed 15 July 2020) Resident: 10 / 20 / 20;
Non-resident: 15 / 15 / 15
Malaysia (Last reviewed 01 July 2020) Resident: 0 / 0 / 0;
Non-resident: 0 / 0 or 15 / 10
Maldives, Republic of (Last reviewed 03 August 2020) Resident: NA;
Non-resident: 10 / 10 / 10
Malta (Last reviewed 15 July 2020) Resident*: 0 or 15 / 0 / 0;
Non-resident*: 0 / 0 / 0
* See Malta's corporate tax summary for more information.
Mauritania (Last reviewed 03 August 2020) Resident: 10 / 10 / NA
Non-resident: 10 / 10 / 15
Mauritius (Last reviewed 05 August 2020) Resident: 0 / 0 / 10;
Non-resident: 0 / 15 / 15
Mexico (Last reviewed 08 July 2020) Resident: 10* / 1.04** / NA;
Non-resident: 10 / 4.9 to 35 / 5 to 35
* WHT on dividend paid to an individual.
** WHT on interest paid by financial institutions. Applicable on the invested capital.
Moldova (Last reviewed 02 July 2020) Resident: 6* / 12 / 12;
Non-resident: 6* / 12 / 12;
* 15% on dividends referring to the profit earned incurred during the period 2008 to 2011;
No WHT on distribution of dividends to resident legal entities.
Mongolia (Last reviewed 04 August 2020) Resident: 10 / 10 / 10;
Non-resident: 20 / 20 / 20
Montenegro (Last reviewed 29 July 2020) Resident: 9 / NA / NA;
Non-resident: 9 / 9 / 9
Morocco (Last reviewed 14 September 2020) Resident: NA;
Non-resident: 15 / 10 / 10
Mozambique (Last reviewed 30 July 2020) Resident: 20 / 20 / 20;
Non-resident: 20 / 20 / 20
Myanmar (Last reviewed 04 August 2020) Resident: 0 / 0 / 10;
Non-resident: 0 / 15 / 15
Namibia, Republic of (Last reviewed 08 June 2020) Resident: NA;
Non-resident: 10 or 20 / 10 / 10
Netherlands (Last reviewed 06 July 2020) Resident: 15 / 0 / 0;
Non-resident: 15 / 0 / 0
New Zealand (Last reviewed 16 December 2019) Resident: 33 / 28 / 0;
Non-resident: 30* / 15 / 15;
*See New Zealand's Corporate summary for a description of reduced rates based on shareholder holdings and treaty relief.
Nicaragua (Last reviewed 07 July 2020) Resident: 15 / 15 / 15;
Non-resident: 15 / 15 / 15
Nigeria (Last reviewed 17 July 2020) Resident: 10 / 10 / 10;
Non-resident: 10 / 10 / 10;
For non-residents, the WHT rate will be reduced to 7.5% through the use of a DTT.
North Macedonia (Last reviewed 30 July 2020) Resident: NA;
Non-resident: 10 / 10 / 10
Norway (Last reviewed 13 July 2020) Resident: NA;
Non-resident: 25 / 0 / 0
Oman (Last reviewed 26 April 2020) Resident: NA;
Non-resident: 10 / 10 / 10
Pakistan (Last reviewed 25 July 2020) Resident: 15 / 15 / 15;
Non-resident: 15 / 15 / 15
Palestinian territories (Last reviewed 21 June 2020) Resident: NA / 10 / 10;
Non-resident: NA / 10 / 10
Panama (Last reviewed 29 June 2020) Resident: 5, 10, or 20 / NA / NA;
Non-resident: 5, 10, or 20 / 12.5 / 12.5
Papua New Guinea (Last reviewed 23 June 2020) Resident: 0 / 15 / 0;
Non-resident: 15 / 15 / 10 (non-associate recipient) or 30 (associate recipient)
Paraguay (Last reviewed 31 August 2020) Resident: NA;
Non-resident: 15 / 6 (bank and financial institutions), 15 (commercial entities), 30 (head office or direct shareholder) / 15 (commercial entities), 30 (head office or direct shareholder)
Peru (Last reviewed 17 July 2020) Resident: NA;
Non-resident: 5 / 4.99 / 30
Philippines (Last reviewed 30 June 2020) Resident: 0 / 10, 15, or 20 / 20;
Non-resident: 15 or 30 / 20 / 30
Poland (Last reviewed 10 July 2020) Resident: 19 / NA / NA;
Non-resident: 19 / 20 / 20
Portugal (Last reviewed 30 July 2020) Resident: 25 / 25 / 25;
Non-resident: 25 / 0 or 25 / 0 or 25
Puerto Rico (Last reviewed 30 June 2020) Resident: NA;
Non-resident: 15 (individual) or 10 (corporation) / 29 / 29
Qatar (Last reviewed 10 December 2019) Resident: NA;
Non-resident: 0 / 5 / 5
Romania (Last reviewed 21 July 2020) Resident: 5* / NA / NA;
Non-resident: 5 / 16 / 16 (the rates can be reduced by applying the Parent-Subsidiary Directive, the Interest-Royalties Directive, or a DTT)
*WHT rate on dividends may be reduced to 0% in case the beneficiary company held at least 10% of the shares in the company distributing the dividends for at least one year.
Russian Federation (Last reviewed 31 December 2019) Resident: 13* / NA / NA;
Non-resident: 15 / 20 / 20;
*0% tax rate in the case of strategic investment.
Rwanda (Last reviewed 30 July 2020) Resident: 15 / 15 / 15;
Non-resident: 15 / 15 / 15
Saint Lucia (Last reviewed 03 January 2020) Resident: NA;
Non-resident: 0 / 15 / 25
Saudi Arabia (Last reviewed 27 June 2020) Resident: NA;
Non-resident: 5 / 5 / 15
Senegal (Last reviewed 10 July 2020) Resident: 10 / 8 to 16 / 20;
Non-resident: 10 / 8 to 16 / 20
Serbia (Last reviewed 29 July 2020) Resident: NA;
Non-resident: 20 / 20 / 20;
Non-resident in tax haven: 20 / 25 / 25
Singapore (Last reviewed 06 February 2020) Resident: NA;
Non-resident: 0 / 15 / 10
Slovak Republic (Last reviewed 04 February 2020) Resident: 0 or 7 / 0 or 19* / 0;
Non-resident: 7, 19, or 35 / 19 or 35* / 19 or 35*
*See the Withholding taxes section of the Corporate summary for more information.
Slovenia (Last reviewed 04 August 2020) Resident: NA;
Non-resident: 15 / 15 / 15
South Africa (Last reviewed 30 June 2020) Resident: 20 / 0 / 0;
Non-resident: 20 / 15 / 15
Spain (Last reviewed 16 July 2020) Resident: 19 / 19 / (19 or 24)*;
Non-resident: 19 / 19 / (19 or 24)*
*See Spain's corporate summary for more information.
Sri Lanka (Last reviewed 17 August 2020) 14 / 14 / 14
Swaziland (Last reviewed 21 April 2020) Resident: NA;
Non-resident: 15 / 10 / 15
Sweden (Last reviewed 06 July 2020) Resident: NA;
Non-resident: 30 / 0 / 21.4
Switzerland (Last reviewed 09 July 2020) Resident: Between 0 and 35 / 0 / 0;
Non-resident: Between 0 and 35 / Between 0 and 35 / 0
Taiwan (Last reviewed 15 July 2020) Resident: NA / 10 / 10;
Non-resident: 21 / 15 or 20 / 20
Tajikistan (Last reviewed 13 July 2020) Resident: 12 / 12 / NA.
Non-resident: 12 / 12 / 15
Tanzania (Last reviewed 21 August 2020) Resident: 5 or 10 / 10 / 15;
Non-resident: 5 or 10 / 10 / 15
Thailand (Last reviewed 20 July 2020) Resident: 10 / 1 / 3;
Non-resident: 10 / 15 / 15
Timor-Leste (Last reviewed 18 August 2020) Resident: 0 / 0 / 10;
Non-resident: 10 / 10 / 10
Trinidad and Tobago (Last reviewed 09 July 2020) Resident: 0 / 0 / 0;
Non-resident: 5 or 10 / 15 / 15
Tunisia (Last reviewed 31 July 2020) Resident: 10 / 0 or 20 / 5 or 15;
Non-resident: 10 / 10 or 20 / 15 or 25
Turkey (Last reviewed 22 January 2020) Resident: NA;
Non-resident: 15 / 10 / 20
Turkmenistan (Last reviewed 14 August 2020) Resident: 15 / NA / NA;
Non-resident: 15 / 15 / 15
Uganda (Last reviewed 13 December 2019) Resident: 15 / 15 / NA;
Non-resident: 15 / 15 / 15
Ukraine (Last reviewed 30 June 2020) Resident: NA;
Non-resident: 15 / 15 / 15
United Arab Emirates (Last reviewed 31 July 2020) NA - No WHT
United Kingdom (Last reviewed 10 July 2020) Resident: 0 / 20 / 20;
Non-resident: 0 / 20 / 20
United States (Last reviewed 31 July 2020) Resident: NA;
Non-resident: 30 / 30 / 30
Uruguay (Last reviewed 01 July 2020) Resident: 0, 7, or 12 / 0, 7, or 12 / 0 or 12;
Non-resident: 0 or 7 / 0, 7, or 12 / 0 or 12.
Incomes obtained by entities resident, domiciled or located in LNTJs, are taxed at 25%.
Uzbekistan, Republic of (Last reviewed 28 April 2020) Resident: 5 / 5 / NA;
Non-resident: 10 / 10 / 20
Venezuela (Last reviewed 02 September 2020) Resident: 34 / 0 or 5 / 0 - see summary;
Non-resident: 34 / see summary / see summary
Vietnam (Last reviewed 17 August 2020) WHT applies to certain payments made to foreign organisations and individuals undertaking business or earning income sourced from Vietnam, regardless of the residency status.

WHT rates are nil for dividends. For interest and royalties, please refer to Vietnam's Corporate summary.
Zambia (Last reviewed 20 August 2020) Resident: 15 / 15 / 15;
Non-resident: 20 / 20 / 20
Zimbabwe (Last reviewed 22 November 2019) Resident: NA / 15 / NA;
Non-resident: 15 / 0 / 15

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.