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 Resident: NA;
Non-resident: 15 / 15 / 15
Algeria Resident: 15 / 10 / 24;
Non-resident: 15 / 10 / 24
Angola 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 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 Resident: NA;
Non-resident: 10 / 10 / 10
Australia 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 Resident: 0 or 25 / 0 or 25 / 0;
Non-resident: 0 or 25 / 0 / 0 or 20
Azerbaijan Resident: 10 / 10 / 14;
Non-resident: 10 / 10 / 14
Bahrain NA
Barbados 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 Resident: NA;
Non-resident: 12 / 10 / 15
Belgium Resident and non-resident: 30 / 30 / 30 (but many exemptions or reduced rates exist)
Bermuda NA
Bolivia Resident: NA;
Non-resident: 12.5 / 12.5 / 12.5
Bosnia and Herzegovina Federation of Bosnia and Herzegovina: 5 / 10 / 10;
Republika Srpska: 5 / 10 / 10;
Brčko District: 0 / 10 / 10
Botswana Resident: 7.5 / 10 / NA;
Non-resident: 7.5 / 15 / 15
Brazil Resident: NA / 15 to 22.5 / NA;
Non-resident: 0 / 15 / 15;
Non-resident companies in tax haven countries: 0 / 25 / 25.
Bulgaria EU resident: 0 (if paid to EU company) / 10 (0 if paid to associated company) / 10 (0 if paid to associated company);
Non-resident: 5 / 10 / 10
Cabo Verde Resident: NA / 20 / 20;
Non-resident: NA / 20 / 20
Cambodia Resident: NA / 15 (except paid to domestic bank) / 15;
Non-resident: 14 / 14 / 14
Cameroon, Republic of Resident: 16.5 / 16.5 / 0;
Non-resident: 16.5 / 16.5 / 15
Canada 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 NA
Chad Resident: 20 / NA / NA;
Non-resident: 20 / 0 or 25 / 12.5 or 25
Chile Resident: NA;
Non-resident: 35 / 4 or 35 / 30. DTT remedies are available.
China, People's Republic of Resident: NA;
Non-resident: 10 / 10 / 10
Colombia Resident: * / NA / NA;
Non-resident: * / 20 /20
* See the Withholding taxes section of Colombia's corporate tax summary.
Congo, Democratic Republic of the Resident: 10 or 20 / 0 / 20;
Non-resident: 10 or 20 / 0 or 20 / 20
Congo, Republic of Resident: 15 / 0 / 0;
Non-resident: 15 / 20 / 20
Costa Rica Resident: 15 / 15 / 25;
Non-resident: 15 / 5.5 or 15 / 25
Croatia 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 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 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 Resident: 27 / 22 / 22;
Non-resident: 27 / 22 / 22
Dominican Republic Resident: 10 / NA / NA;
Non-resident: 10 / 10 / 27
Ecuador Resident: 0 to 25 / 0 to 2 / 8;
Non-resident: 0, 10 or 14 / 0 or 25 / 0, 25, or 35
Egypt Resident: 5 or 10 / NA / NA;
Non-resident: 5 or 10 / 20 / 20
El Salvador Resident: 5 / 0 / 0;
Non-resident: 5 / 10 or 20 / 20;
Non-resident in a tax haven: 25 / 10 or 25 / 25
Equatorial Guinea Resident: 10;
Non-resident: 25 / 25 / 15
Estonia 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 Resident: 0 / 10 / 5;
Non-resident: 0 / 10 / 15
Finland 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 Resident: NA;
Non-resident: 30 / 0 / 33.33
Gabon Resident: 20 / NA / NA;
Non-resident: 20 / 20 / 20
Georgia Resident: NA;
Non-resident: 5 / 5 / 5
Germany 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 Resident: 8 / 8 / 15;
Non-resident: 8 / 8 / 15;
See Ghana's Corporate summary for a description of other WHTs.
Gibraltar NA
Greece Resident: 5* / 15 / 20;
Non-resident: 5* / 15 / 20
*(10 for dividends acquired until 31 December 2019)
Greenland Resident: 36 to 44 / NA / 30;
Non-resident: 36 to 44 / NA / 30
Guatemala Resident: NA;
Non-resident: 5 / 10 / 15
Guernsey, Channel Islands Resident corporation: 0 / 0 / NA;
Resident individual: 0, 10, or 20 / 0 / NA;
Non-resident: 0 / 0 / NA
Guyana Resident: 0 / 0 / 0;
Non-resident: 20 / 20 / 20
Honduras Resident: 10 / 10 / 25;
Non-resident: 10 / 10 / 25
Hong Kong SAR Resident: 0 / 0 / 0;
Non-resident: 0 / 0 / 2.475 or 4.95
Hungary There is no WHT on any outbound payment made to foreign business entities based on the Hungarian domestic legislation.
Iceland Resident: 22 / 22 / 0;
Non-resident: 20 / 12 / 20
India Resident: 0* / 10 / 10;
Non-resident: 0* / 20** / 10
(The above are to be enhanced by surcharge and health and education cess)
*No WHT applied on dividend declared and paid by Indian company to its shareholders; however, the company declaring dividend is required to pay Dividend Distribution Tax.
** Special WHT rates apply in certain cases where WHT rate is lower than 20%.
Indonesia Resident: 15 / 15 / 15;
Non-resident: 20 / 20 / 20
Iraq Resident: NA / 1.8 to 10 / 1.8 to 10 depending on the industry;
Non-resident: NA / 15 / 15
Ireland Resident: 0 / 20 / 20;
Non-resident: 25 / 20 / 20
Isle of Man 0
Israel 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 Resident: 0 / 0 or 26 / 0;
Non-resident: 26 / 26 / 30
Ivory Coast (Côte d'Ivoire) Resident: 15 / 18 / NA;
Non-resident: 15 / 18 / 20
Jamaica Resident: 15 / 25 / 0;
Non-resident: 33⅓ / 33⅓ / 33⅓ where paid to a company, and 25 / 25 / 25 where paid to an individual.
Japan Resident: 20 / 20 / 0;
Non-resident: 15 / 20 / 20
Jersey, Channel Islands NA
Jordan Resident: 0 / 5 / 0;
Non-resident: 0 or 10 / 10 / 10
Kazakhstan Resident: NA;
Non-resident: 15 / 15 / 15
Kenya Resident: 5 / 10 to 25 / 5;
Non-resident: 10 / 15 to 25 / 20
Korea, Republic of 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 Resident: NA/10/10;
Non-resident: NA/10/10
Kuwait NA
Kyrgyzstan Resident: NA / NA / 10;
Non-resident: 10 / 10 / 10
Lao PDR Resident: 10 / 10 / 5;
Non-resident: 10 / 10 / 5
Latvia Resident: NA;
Non-resident: 0 / 0 / 0;
Non-resident in tax haven: 20 / 20 / 20
Lebanon Resident: 10 / 10 / NA;
Non-resident: 10 / 10 / 7.5;
Interest on bank deposits are subject to 7% and apply for residents and non-residents.
Libya NA
Liechtenstein NA
Lithuania Resident: NA;
Non-resident: 15 / 10 / 10 (0 / 0 / 0 may be achieved if certain conditions are met)
Luxembourg Resident: 15 / 0 / 0;
Non-resident: 15 / 0 / 0
Macau SAR NA
Madagascar Resident: 0 / 20 / 0;
Non-resident: 0 / 20 / 10
Malawi Resident: 10 / 20 / 20;
Non-resident: 15 / 15 / 15
Malaysia Resident: 0 / 0 / 0;
Non-resident: 0 / 0 or 15 / 10
Malta Resident*: 0 or 15 / 0 / 0;
Non-resident*: 0 / 0 / 0
* See Malta's corporate tax summary for more information.
Mauritius Resident: 0 / 0 / 10;
Non-resident: 0 / 15 / 15
Mexico 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 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 Resident: 10 / 10 / 10;
Non-resident: 20 / 20 / 20
Montenegro Resident: 9 / NA / NA;
Non-resident: 9 / 9 / 9
Morocco Resident: NA;
Non-resident: 15 / 10 / 10
Mozambique Resident: 20 / 20 / 20;
Non-resident: 20 / 20 / 20
Myanmar Resident: 0 / 0 / 10;
Non-resident: 0 / 15 / 15
Namibia, Republic of Resident: NA;
Non-resident: 10 or 20 / 10 / 10
Netherlands Resident: 15 / 0 / 0;
Non-resident: 15 / 0 / 0
New Zealand 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 Resident: 15 / 15 / 15;
Non-resident: 15 / 15 / 15
Nigeria 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 Resident: NA;
Non-resident: 10 / 10 / 10
Norway Resident: NA;
Non-resident: 25 / 0 / 0
Oman Resident: NA;
Non-resident: 10 / 10 / 10
Pakistan Resident: 15 / 15 / 15;
Non-resident: 15 / 15 / 15
Palestinian territories Resident: NA/10/10;
Non-resident: NA/10/10
Panama Resident: 5, 10, or 20 / NA / NA;
Non-resident: 5, 10, or 20 / 12.5 / 12.5
Papua New Guinea Resident: 0 / 15 / 0;
Non-resident: 15 / 15 / 10 (non-associate recipient) or 30 (associate recipient)
Paraguay 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 Resident: NA;
Non-resident: 5 / 4.99 / 30
Philippines Resident: 0 / 10, 15, or 20 / 20;
Non-resident: 15 or 30 / 20 / 30
Poland Resident: 19 / NA / NA;
Non-resident: 19 / 20 / 20
Portugal Resident: 25 / 25 / 25;
Non-resident: 25 / 0 or 25 / 0 or 25
Puerto Rico Resident: NA;
Non-resident: 15 (individual) or 10 (corporation) / 29 / 29
Qatar Resident: NA;
Non-resident: 0 / 5 / 5
Romania 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 Resident: 13* / NA / NA;
Non-resident: 15 / 20 / 20;
*0% tax rate in the case of strategic investment.
Rwanda Resident: 15 / 15 / 15;
Non-resident: 15 / 15 / 15
Saint Lucia Resident: NA;
Non-resident: 0 / 15 / 25
Saudi Arabia Resident: NA;
Non-resident: 5 / 5 / 15
Senegal Resident: 10 / 8 to 16 / 20;
Non-resident: 10 / 8 to 16 / 20
Serbia Resident: NA;
Non-resident: 20 / 20 / 20;
Non-resident in tax haven: 20 / 25 / 25
Singapore Resident: NA;
Non-resident: 0 / 15 / 10
Slovak Republic 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 Resident: NA;
Non-resident: 15 / 15 / 15
South Africa Resident: 20 / 0 / 0;
Non-resident: 20 / 15 / 15
Spain Resident: 19 / 19 / (19 or 24)*;
Non-resident: 19 / 19 / (19 or 24)*
*See Spain's corporate summary for more information.
Sri Lanka 14 / 14 / 14
Swaziland Resident: NA;
Non-resident: 15 / 10 / 15
Sweden Resident: NA;
Non-resident: 30 / 0 / 21.4
Switzerland Resident: Between 0 and 35 / 0 / 0;
Non-resident: Between 0 and 35 / Between 0 and 35 / 0
Taiwan Resident: NA / 10 / 10;
Non-resident: 21 / 15 or 20 / 20
Tajikistan Resident: 12 / 12 / NA;
Non-resident: 12 / 12 / 15
Tanzania Resident: 5 or 10 / 10 / 15;
Non-resident: 5 or 10 / 10 / 15
Thailand Resident: 10 / 1 / 3;
Non-resident: 10 / 15 / 15
Timor-Leste Resident: 0 / 0 / 10;
Non-resident: 10 / 10 / 10
Trinidad and Tobago Resident: 0 / 0 / 0;
Non-resident: 5 or 10 / 15 / 15
Tunisia Resident: 10 / 0 or 20 / 5 or 15;
Non-resident: 10 / 10 or 20 / 15 or 25
Turkey Resident: NA;
Non-resident: 15 / 10 / 20
Turkmenistan Resident: 15 / NA / NA;
Non-resident: 15 / 15 / 15
Turks and Caicos Islands NA
Uganda Resident: 15 / 15 / NA;
Non-resident: 15 / 15 / 15
Ukraine Resident: NA;
Non-resident: 15 / 15 / 15
United Arab Emirates NA - No WHT
United Kingdom Resident: 0 / 20 / 20;
Non-resident: 0 / 20 / 20
United States Resident: NA;
Non-resident: 30 / 30 / 30
Uruguay 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 Resident: 5 / 5 / NA;
Non-resident: 10 / 10 / 20
Venezuela Resident: 34 / 0 or 5 / 0 - see summary;
Non-resident: 34 / see summary / see summary
Vietnam 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 Resident: 15 / 15 / 15;
Non-resident: 20 / 20 / 20
Zimbabwe 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.

 
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