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) indices and on a gross dividend basis for total return gross (TRG) indices. This page provides the most recent list of withholding taxes. In case S&P DJI (for indices calculated by them) uses a different tax rate than Solactive, it's provided in parantheses.

Definitions

  • Net dividend: declared dividend less withholding tax
  • Gross dividend: declared dividend
Country Tax
Albania 8.000%
Algeria 15.000%
Anguilla 0.000%
Argentina 7.000%
Australia 30.000%
Austria 27.500%
Bahamas 0.000%
Bahrain 0.000%
Bangladesh 20.000%
Belarus 12.000%
Belgium 30.000%
Bermuda 0.000%
Bosnia and Herzegovina 5.000%
Botswana 10.000%
Bolivia 12.500%
Brazil 0.000%
British Virgin Islands 0.000%
Bulgaria 5.000%
Burkina Faso 12.500%
Cameroon 16.500%
Canada 25.000%
Cayman Islands 0.000%
Chile 35.000%
China 10.000%
Colombia 10.000%
Costa Rica 15.000%
Croatia 10.000%
Curaçao 0.000%
Cyprus 0.000%
Czech Republic 35.000%
Denmark 27.000%
Dominican Republic 10.000%
Ecuador 10.000%
Egypt 5.000% (10.000%)
Estonia 0.000%
Faroe Islands 35.000%
Finland 35.000% (30.000%)
France 25.000%
Gabon 20.000%
Germany 26.375%
Ghana 8.000%
Gibraltar 0.000%
Greece 5.000%
Guernsey 0.000%
Honduras 10.000%
Hong Kong 0.000%
Hungary 0.000%
Iceland 20.000%
India 20.000%
Indonesia 20.000%
Ireland 25.000%
Isle of Man 0.000%
Israel 25.000%
Italy 26.000%
Ivory Coast 10.000%
Jamaica 33.330%
Japan 15.315% (20.415%)
Jersey 0.000%
Kazakhstan 15.000%
Kenya 15.000%
Kuwait 0.000%
Latvia 0.000%
Lebanon 10.000%
Liberia 15.000%
Country Tax
Liechtenstein 0.000%
Lithuania 15.000%
Luxembourg 15.000%
Macao 0.000%
Malaysia 0.000%
Malta 0.000%
Marshall Islands 0.000%
Mauritius 0.000%
Mexico 10.000%
Monaco 0.000%
Mongolia 20.000%
Morocco 15.000%
Namibia 20.000%
Netherlands 15.000%
New Zealand 30.000%
Nicaragua 15.000%
Niger 0.000%
Nigeria 10.000%
North Macedonia 10.000%
Norway 25.000%
Oman 0.000%
Pakistan 15.000%
Panama 10.000%
Papua New Guinea 15.000%
Paraguay 15.000%
Peru 5.000%
Philippines 25.000%
Poland 19.000%
Portugal 25.000%
Puerto Rico 10.000%
Qatar 0.000%
Romania 5.000%
Russia 15.000%
Saudi Arabia 5.000%
Senegal 10.000%
Serbia 20.000%
Seychelles 15.000%
Singapore 0.000%
Slovakia 35.000%
Slovenia 15.000%
South Africa 20.000%
South Korea 22.000%
Spain 19.000%
Sri Lanka 0.000%
Sweden 30.000%
Switzerland 35.000%
Taiwan 21.000%
Tanzania 10.000%
Thailand 10.000%
Togo 13.000%
Tunisia 10.000%
Turkey 10.000%
Turkmenistan 15.000%
Ukraine 15.000%
United Arab Emirates 0.000%
United Kingdom 0.000%
Uruguay 7.000%
USA 30.000%
US Virgin Islands 10.000%
Uzbekistan 10.000%
Venezuela 34.000%
Vietnam 0.000%
Zambia 20.000%
Zimbabwe 10.000%
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