Dividend tax by country compared (2026)

Dividend withholding and personal rates for 65 countries, with credits, exemptions and imputation notes.

See the ranked dividend tax league table

#	Country	Dividend tax	Composition	Entry band	Top rate	Regime flag
1	Canada	≈ 24 – 40%	Canadian dividends carry an imputation credit that cuts the effective top rate to roughly the capital gains level; foreign dividends get no credit and pay full rates.	Credits can make modest Canadian dividends nearly tax-free	Roughly the capital gains rate for eligible Canadian dividends; full rates for foreign	Dividends inside a tax-free savings account (TFSA): 0% forever
2	Chile	0–40% with credits	Dividends join the progressive scale with an imputation credit for company tax — full credit for small-company profits, 65% for large companies.	Effective 0% where the credit covers the personal tax	40% scale, minus the imputation credit	Stock dividends and returns of capital are not income
3	Ireland	up to 40%	Dividends are taxed at your income tax rates; Irish companies withhold 25% up front as a credit against the final bill.	20% within the standard band	40% + USC and social insurance (marginal, high earners)	25% withheld at source by Irish companies, creditable
4	United Kingdom	39.35%	Dividend rates 10.75% / 35.75% / 39.35% by band, above a £500 tax-free amount; no National Insurance on dividends.	First £500 tax-free, then 10.75% in the basic band	39.35% (additional rate)	Dividends inside an Individual Savings Account (ISA): always 0%
5	Colombia	0–39%	Dividends from company-taxed profits join the ordinary scale, softened by a 19% tax credit above 1,090 tax value units; untaxed profits are hit at 35% first.	0% withholding up to 1,090 UVT of dividends	0-39% scale with a 19% credit above 1,090 UVT	Foreign dividends taxed at the 35% corporate rate
6	New Zealand	up to 39%	Dividends are ordinary income with imputation credits for the company's 28% tax — top-rate holders pay roughly the 11-point gap.	10.5% for low earners — credits can exceed the tax	39% marginal, less imputation credits	Excess imputation credits carry forward — not refundable
7	Norway	37.84%	Dividends are multiplied by 1.72 and taxed at 22% — an effective 37.84% — after a tax-free risk-free-return deduction.	0% on the shielding (risk-free return) slice	37.84% effective (22% × 1.72)	Interest stays at plain 22%
8	Switzerland	Ordinary rates (35% withheld)	Dividends join ordinary income at your federal + cantonal rates; a 35% anticipatory withholding is taken first and fully refunded to compliant residents.	70% of the dividend taxed for 10%+ shareholdings (federal)	Your ordinary rates (canton-dependent); 35% withheld up front	Non-residents: refund only via tax treaty
9	France	31.4%	Flat tax: 12.8% income tax + 18.6% social charges (raised from 17.2% on 1 January 2026); an optional progressive route taxes 60% of the dividend instead.	Progressive option: your band rates on 60% of the dividend	31.4% flat (12.8% + 18.6% social)	Impatriates: 50% of foreign dividends exempt
10	Belgium	30%	Flat 30% withholding, final for most investors; the first €833 of dividends is refundable via the return.	First €833 effectively exempt	30% flat, final	Progressive rates apply only if that would tax you less
11	Sweden	30%	Flat 30% capital-income tax on dividends and interest; owner-managers of close companies face the 3:12 split between capital and salary rates.	30% from the first krona (0% inside an ISK below SEK 300,000)	30% flat (excess close-company dividends: up to ~52%)	ISK wrapper replaces dividend tax with a small deemed charge
12	Portugal	28%	28% flat, taken at source; you can instead have half of qualifying dividends taxed with your other income.	Optional: half the dividend taxed at your progressive rates	28% flat, final	35% where the payer sits in a listed tax haven
13	Austria	27.5%	Flat 27.5% final withholding on dividends; bank deposit interest pays 25%; an opt-in to progressive rates helps low earners.	Optional assessment at progressive rates if lower	27.5% final (dividends, securities interest); 25% bank deposits	No saver's allowance — the flat rate applies from the first euro
14	Denmark	27% / 42%	Share income up to DKK 79,400 pays 27% (final via withholding); the excess pays 42%. Couples share a doubled threshold.	27% up to DKK 79,400 (DKK 158,800 for couples)	42% above DKK 79,400 of share income	Stock savings account taxes growth at just 17%
15	Germany	26.375%	Flat 25% withholding plus the solidarity surcharge = 26.375% final; €1,000 saver's allowance; lower earners can opt for their own rate.	€1,000 saver's allowance (€2,000 joint)	26.375% final (25% + solidarity surcharge; + church tax for members)	Assessment option if your marginal rate is under 25%
16	Italy	26%	26% flat, withheld at source as a final tax on dividends held privately; no option to use the progressive bands instead.	Business-held stakes: 58.14% of the dividend at your band rates	26% flat, final	Dividends from listed low-tax jurisdictions can be taxed in full
17	Finland	25.5% / 28.9% effective	Quoted-company dividends: 85% taxed at capital rates (effective 25.5%/28.9%); unquoted-company dividends within the 8% yield: effective ~7.5% up to €150,000.	≈ 7.5% effective (unquoted, within the 8% yield, to €150,000)	28.9% effective (quoted, above €30,000 capital income)	0% inside the share investment account
18	Slovenia	25%	Flat, final 25% withholding on dividends — or 15% (falling to 0% after 15 years) inside the new Individual Investment Account.	25% from the first euro	25% flat, final	Individual Investment Account: 15%, exempt after 15 years
19	Japan	20.315%	Listed dividends elect a flat 20.315% (15% national x surtax + 5% inhabitant); Nippon Individual Savings Account (NISA) holdings make them 0%; unlisted dividends ride the progressive scale with a credit.	0% within NISA	20.315% (listed, elective); progressive with credit otherwise	Ordinary-income declaration earns a 10%/5% dividend credit
20	South Africa	20%	Flat dividends tax withheld by the paying company. It is a separate tax — the dividend itself is exempt from income tax.	20% from the first rand of taxable dividends	20% flat	Dividends inside a tax-free investment account escape the 20% entirely
21	Poland	19%	Flat, final 19% withholding on dividends — never added to the progressive scale, and outside the 4% solidarity-tax base.	19% from the first zloty	19% flat, final	No allowance or exemption band for dividend income
22	Spain	19% – 30%	Dividends are savings income on a five-step scale: 19% to €6,000, rising to 30% above €300,000.	19% on the first €6,000	30% above €300,000 of savings income	Savings scale is fully national — no regional variation
23	Romania	16%	Dividends distributed from 2026 bear a 16% final withholding — up from 10% — plus a possible 10% health contribution on larger investment incomes.	16% from the first leu	16% final (+10% health contribution above the threshold)	Interim 2025 dividends stay at 10% even when finalized in 2026
24	South Korea	15.4% / scale	Financial income to KRW 20 million settles at 14% (+1.4% local) withholding; above that it joins the global scale — with a new 2026 separate regime of 14–30% for high-payout listed companies.	14% (+1.4% local) withholding up to KRW 20 million	49.5% marginal (large financial income); 30% under the new separate regime	Imputation credit 10% of declared dividends (11% from 2027)
25	Belize	15%	Dividends are generally settled by a flat 15% withheld at source rather than progressive taxation.	15% from the first dollar of taxable dividends	15%	Qualified Retired Persons (QRP) exempt on foreign dividend income
26	Costa Rica	15%	Dividends are capital income under a flat 15% final withholding — the same rate for residents and non-residents; foreign dividends are untaxed.	0% on foreign dividends received	15% final	Popular Bank securities: 7%
27	Czech Republic	15%	Czech dividends bear a final 15% withholding; foreign dividends go into the ordinary base at 15/23%.	15% from the first koruna	15% final (Czech payers); up to 23% for foreign dividends	No dividend allowance
28	Hungary	15% + 13%	Dividends bear the flat 15% plus a 13% social tax capped once total contribution-bearing income passes 24 times the minimum wage — an effective 28% for small investors, 15% for large ones.	15% + capped 13% from the first forint	28% combined below the cap; 15% above it	Social-tax cap: HUF 7,747,200 of income (24x the minimum wage) in 2026
29	Lithuania	15%	Dividends are always taxed at a flat 15% by withholding — they never enter the progressive scale, whatever the amount.	15% from the first euro	15% flat	Dividends cannot flow through the investment account
30	Luxembourg	15% withheld, half taxed	15% withholding at source; qualifying dividends are then only 50% taxable at your progressive rates, with a €1,500 investment-income exemption.	€1,500 of investment income exempt (€3,000 joint)	≈ 22.9% effective on qualifying dividends for top-rate taxpayers (half of 45.78%)	Interest is settled separately by a 20% final withholding
31	Montenegro	15%	Dividends carry a 15% final withholding for residents and non-residents alike — no further tax, no return.	Same 15% from the first euro	15% final	Rate rose from 9% to 15% in 2022
32	Netherlands	15% / 24.5% – 31%	Portfolio dividends: 15% withheld, then absorbed into the Box 3 wealth charge. Stakes of 5%+: Box 2 rates of 24.5% to €68,843 and 31% above.	24.5% on the first €68,843 of Box 2 income	31% (Box 2, above €68,843); 15% withholding for portfolio holders	Substantial-shareholder loans over €500,000 from the own company are taxed as Box 2 income
33	Turkey	15% + scale on half	Dividends carry a 15% withholding; half the gross dividend is exempt and the withholding credits in full against tax on the other half.	Withholding-only below TRY 400,000 of relevant income	Effective ≈20% at the top (40% on half, less credits)	Withholding rose from 10% to 15% in December 2024
34	Croatia	12%	Flat, final 12% withholding on dividends — no municipal variation and no further filing.	12% from the first euro	12% flat, final	Old dividends (pre-2001 and 2005 – Feb 2012 profits) exempt
35	Ecuador	12%	Dividends paid to residents carry a flat 12% withholding since 2025; non-residents pay 10%, rising to 14% for undisclosed chains or haven-linked chains with an Ecuador-resident beneficial owner.	10% for non-residents	12% (residents); 14% (undisclosed chains)	Reinvested-profit distributions exempt up to 3 basic salaries per company
36	Mexico	10% + scale	A 10% final withholding on dividends, plus inclusion of the grossed-up dividend in the annual return with a credit for the company's tax.	10% from the first peso	10% withholding + net scale effect after the corporate credit	Pre-2014 taxed-profits account (CUFIN) balances — to 2013 — exempt from the 10%
37	Panama	10% / 5%	Dividends from licensed Panamanian companies carry a final withholding — 10% on Panama-earned profits, 5% on foreign-source or export profits.	5% on foreign-source and export profits; 0% on foreign dividends received	10% final (Panama-source profits); 20% on bearer shares	Free-zone companies withhold 5% regardless of source
38	Philippines	10%	Philippine dividends carry a 10% final withholding for residents; foreign dividends hit the 0-35% scale — but only for citizens.	0% on foreign dividends for resident aliens	10% final on domestic dividends	PERA-held investments earn dividends tax-free
39	Thailand	10%	10% withheld at source on Thai dividends; you can leave that as your final tax or pool dividends with other income and claim a credit.	Band rates with a company-tax credit if you opt to pool	10% final (default election)	Infrastructure-fund dividends exempt for the fund's first 10 years
40	Argentina	7%	Dividends from Argentine companies carry a 7% final withholding for residents and non-residents; foreign dividends ride the 5-35% scale with a credit.	0% on distributions of pre-2018 profits	7% final (Argentine payers)	No imputation system — the 7% is a clean final layer
41	Slovakia	7%	Dividends from post-2024 profits are taxed at a flat 7% — with no health contribution — and 2004–2016 profits distribute entirely tax-free.	7% from the first euro; 0% for 2004–2016 profits	7% (35% only from non-cooperating states)	No health contribution on dividends from post-2017 profits
42	Uruguay	7%	Dividends from locally taxed company profits carry 7%, withheld by the payer; foreign-investment-income distributions pay 12%, and listed-company dividends are exempt.	0% for Uruguayan listed-company dividends	12% (distributions of foreign investment income)	Notional-dividend withholding on undistributed old profits
43	Bulgaria	5%	A flat, final 5% withholding on dividends — the 2026 budget's proposed doubling was dropped — and stock dividends are not taxed at all.	5% from the first euro	5% final	Stock dividends and capital increases from profits: 0%
44	Cyprus	5% / 0%	Dividends are income-tax exempt; domiciled residents pay a 5% defence contribution (cut from 17% in 2026), non-doms pay none — just the capped 2.65% health charge.	0% for non-domiciled residents and non-residents	5% defence contribution (domiciled residents)	Deemed-distribution rules abolished from 2026; disguised dividends now taxed at 10%
45	El Salvador	5%	Dividends from Salvadorean companies carry a 5% final withholding — the same for residents and foreign investors; pre-2012 profits are grandfathered.	0% on pre-2012 profit distributions and foreign dividends	5% final (25% only for tax-haven recipients)	No deductions apply to dividend income
46	Georgia	5%	Final 5% withholding on dividends from Georgian companies. Once withheld, no further tax and nothing to file.	5% from the first lari of dividends	5% final	Territorial system keeps foreign portfolio income at 0%
47	Greece	5%	Flat 5% withheld at source and final — one of the lowest dividend rates in the European Union.	5% from the first euro	5% flat, final	Rate cut from 10% to 5% on 1 January 2020
48	Peru	5%	Peruvian dividends carry a flat 5% final withholding; foreign dividends instead join the 8-30% work-income scale.	8-30% scale for foreign dividends	5% final (Peruvian payers)	No imputation credit — company tax is not refunded
49	Vietnam	5%	Dividends and other capital-investment income carry a flat 5%, withheld at source; bank deposit interest is exempt entirely.	0% on bank deposit and government bond interest	5% flat, withheld at source	Sole-owner company distributions exempt
50	Andorra	0% / 10%	Andorran-company dividends are exempt for residents. Foreign dividends are savings income: 10% after the EUR 3,000 exemption.	EUR 3,000 savings exemption before the 10%	10% (foreign dividends); 0% (Andorran dividends)	Local-dividend exemption rewards investing through Andorran companies
51	Bahrain	0%	No tax on dividends received and no withholding on dividends paid — from Bahraini or foreign companies alike.	0% from the first dinar	0%	No withholding tax exists on outbound dividends
52	Estonia	0%	Shareholders pay nothing on Estonian dividends — the company's 22% distribution tax is final; qualifying foreign dividends are exempt too.	0%	0% at shareholder level	Anti-abuse rule denies the foreign exemption to substance-free structures
53	Hong Kong	0%	Dividends are exempt from all Hong Kong taxes — local or foreign, whatever the amount — and no withholding exists.	0%	0%	No withholding tax on dividends or interest exists
54	Indonesia	0% / 10%	Domestic dividends are exempt when reinvested in Indonesia for 3 years; unreinvested amounts pay a 10% final tax you remit yourself.	0% when reinvested in Indonesia for 3+ years	10% final on unreinvested domestic dividends	Qualifying reinvestments listed by Finance Ministry regulation
55	Latvia	0% / 25.5%	Dividends from company-taxed post-2017 profits are exempt; everything else — old profits, low-tax-jurisdiction payers — bears 25.5%.	0% for exempt dividends	25.5% (pre-2018 profits; low-tax-jurisdiction dividends)	Alternative model (2026): reduced corporate tax + 6% dividend withholding
56	Malaysia	0% / 2%	Malaysian dividends arrive tax-paid under the single-tier system; only annual dividend income above MYR 100,000 picks up a 2% charge.	0% up to MYR 100,000	2% on Malaysian dividends above MYR 100,000 a year	Foreign dividends exempt to 2036 if taxed at origin
57	Malta	0% extra	Full imputation: the company's 35% tax comes with the dividend as a credit, so most shareholders owe nothing more — and many can claim refunds.	0% extra from the first euro	0% additional for most; 35% gross with full credit	Untaxed-account distributions to residents: 15% withholding, or declare at scale rates
58	Mauritius	0%	Dividends from Mauritius-resident companies are exempt with no withholding — though they now count toward the Fair Share Contribution threshold.	Foreign dividends: scale rates when remitted	0% on Mauritian dividends	First MUR 50,000 from a real estate investment trust exempt
59	Monaco	0%	No tax on dividends or interest, domestic or foreign, and no withholding on payments leaving Monaco.	0%	0%	French nationals: French flat tax applies instead
60	Qatar	0%	No tax on dividends for individuals outside business activity, and no dividend withholding.	0%	0%	Foreign interest on Qatar-generated business cash is the narrow exception
61	Saudi Arabia	0%	No tax on dividends or interest for individuals outside business; payments to non-residents carry a 5% withholding.	0%	0% for resident individuals; 5% withholding to non-residents	No imputation system exists
62	Singapore	0%	Dividends from Singapore companies are tax-free in shareholders' hands under the one-tier system; no withholding either.	0%	0% on Singapore one-tier dividends	No dividend withholding tax at all
63	United Arab Emirates	0%	No personal tax on dividends, domestic or foreign, and no withholding.	0%	0%	No withholding tax exists in the UAE
64	United States	0% / 15% / 20%	Qualified dividends ride the capital gains scale — 0% to $49,450 (single), 15% to $545,500, 20% above — plus 3.8% investment surtax at high incomes.	0% up to $49,450 single / $98,900 joint taxable income	20% + 3.8% surtax = 23.8% (qualified)	Non-residents: 30% withholding, treaty-reducible
65	Australia	Marginal rates − frankingvaries	Dividends are taxed at marginal rates, but franking credits for the company tax already paid usually cover much of the bill — and are refunded in cash if unused.	Refund of credits for taxpayers below the company rate	Effective ≈ 24% extra for top-bracket holders of fully franked dividends	Excess franking credits are refundable in cash

Canada#1

≈ 24 – 40%

Canadian dividends carry an imputation credit that cuts the effective top rate to roughly the capital gains level; foreign dividends get no credit and pay full rates.

Entry band:
Top rate:

Chile#2

0–40% with credits

Dividends join the progressive scale with an imputation credit for company tax — full credit for small-company profits, 65% for large companies.

Entry band:
Top rate:

Ireland#3

up to 40%

Dividends are taxed at your income tax rates; Irish companies withhold 25% up front as a credit against the final bill.

Entry band:
Top rate:

United Kingdom#4

39.35%

Dividend rates 10.75% / 35.75% / 39.35% by band, above a £500 tax-free amount; no National Insurance on dividends.

Entry band:
Top rate:

Colombia#5

0–39%

Dividends from company-taxed profits join the ordinary scale, softened by a 19% tax credit above 1,090 tax value units; untaxed profits are hit at 35% first.

Entry band:
Top rate:

New Zealand#6

up to 39%

Dividends are ordinary income with imputation credits for the company's 28% tax — top-rate holders pay roughly the 11-point gap.

Entry band:
Top rate:

Norway#7

37.84%

Dividends are multiplied by 1.72 and taxed at 22% — an effective 37.84% — after a tax-free risk-free-return deduction.

Entry band:
Top rate:

Switzerland#8

Ordinary rates (35% withheld)

Dividends join ordinary income at your federal + cantonal rates; a 35% anticipatory withholding is taken first and fully refunded to compliant residents.

Entry band:
Top rate:

France#9

31.4%

Flat tax: 12.8% income tax + 18.6% social charges (raised from 17.2% on 1 January 2026); an optional progressive route taxes 60% of the dividend instead.

Entry band:
Top rate:

Belgium#10

30%

Flat 30% withholding, final for most investors; the first €833 of dividends is refundable via the return.

Entry band:
Top rate:

Sweden#11

30%

Flat 30% capital-income tax on dividends and interest; owner-managers of close companies face the 3:12 split between capital and salary rates.

Entry band:
Top rate:

Portugal#12

28%

28% flat, taken at source; you can instead have half of qualifying dividends taxed with your other income.

Entry band:
Top rate:

Austria#13

27.5%

Flat 27.5% final withholding on dividends; bank deposit interest pays 25%; an opt-in to progressive rates helps low earners.

Entry band:
Top rate:

Denmark#14

27% / 42%

Share income up to DKK 79,400 pays 27% (final via withholding); the excess pays 42%. Couples share a doubled threshold.

Entry band:
Top rate:

Germany#15

26.375%

Flat 25% withholding plus the solidarity surcharge = 26.375% final; €1,000 saver's allowance; lower earners can opt for their own rate.

Entry band:
Top rate:

Italy#16

26%

26% flat, withheld at source as a final tax on dividends held privately; no option to use the progressive bands instead.

Entry band:
Top rate:

Finland#17

25.5% / 28.9% effective

Quoted-company dividends: 85% taxed at capital rates (effective 25.5%/28.9%); unquoted-company dividends within the 8% yield: effective ~7.5% up to €150,000.

Entry band:
Top rate:

Slovenia#18

25%

Flat, final 25% withholding on dividends — or 15% (falling to 0% after 15 years) inside the new Individual Investment Account.

Entry band:
Top rate:

Japan#19

20.315%

Listed dividends elect a flat 20.315% (15% national x surtax + 5% inhabitant); Nippon Individual Savings Account (NISA) holdings make them 0%; unlisted dividends ride the progressive scale with a credit.

Entry band:
Top rate:

South Africa#20

20%

Flat dividends tax withheld by the paying company. It is a separate tax — the dividend itself is exempt from income tax.

Entry band:
Top rate:

Poland#21

19%

Flat, final 19% withholding on dividends — never added to the progressive scale, and outside the 4% solidarity-tax base.

Entry band:
Top rate:

Spain#22

19% – 30%

Dividends are savings income on a five-step scale: 19% to €6,000, rising to 30% above €300,000.

Entry band:
Top rate:

Romania#23

16%

Dividends distributed from 2026 bear a 16% final withholding — up from 10% — plus a possible 10% health contribution on larger investment incomes.

Entry band:
Top rate:

South Korea#24

15.4% / scale

Financial income to KRW 20 million settles at 14% (+1.4% local) withholding; above that it joins the global scale — with a new 2026 separate regime of 14–30% for high-payout listed companies.

Entry band:
Top rate:

Belize#25

15%

Dividends are generally settled by a flat 15% withheld at source rather than progressive taxation.

Entry band:
Top rate:

Costa Rica#26

15%

Dividends are capital income under a flat 15% final withholding — the same rate for residents and non-residents; foreign dividends are untaxed.

Entry band:
Top rate:

Czech Republic#27

15%

Czech dividends bear a final 15% withholding; foreign dividends go into the ordinary base at 15/23%.

Entry band:
Top rate:

Hungary#28

15% + 13%

Dividends bear the flat 15% plus a 13% social tax capped once total contribution-bearing income passes 24 times the minimum wage — an effective 28% for small investors, 15% for large ones.

Entry band:
Top rate:

Lithuania#29

15%

Dividends are always taxed at a flat 15% by withholding — they never enter the progressive scale, whatever the amount.

Entry band:
Top rate:

Luxembourg#30

15% withheld, half taxed

15% withholding at source; qualifying dividends are then only 50% taxable at your progressive rates, with a €1,500 investment-income exemption.

Entry band:
Top rate:

Montenegro#31

15%

Dividends carry a 15% final withholding for residents and non-residents alike — no further tax, no return.

Entry band:
Top rate:

Netherlands#32

15% / 24.5% – 31%

Portfolio dividends: 15% withheld, then absorbed into the Box 3 wealth charge. Stakes of 5%+: Box 2 rates of 24.5% to €68,843 and 31% above.

Entry band:
Top rate:

Turkey#33

15% + scale on half

Dividends carry a 15% withholding; half the gross dividend is exempt and the withholding credits in full against tax on the other half.

Entry band:
Top rate:

Croatia#34

12%

Flat, final 12% withholding on dividends — no municipal variation and no further filing.

Entry band:
Top rate:

Ecuador#35

12%

Dividends paid to residents carry a flat 12% withholding since 2025; non-residents pay 10%, rising to 14% for undisclosed chains or haven-linked chains with an Ecuador-resident beneficial owner.

Entry band:
Top rate:

Mexico#36

10% + scale

A 10% final withholding on dividends, plus inclusion of the grossed-up dividend in the annual return with a credit for the company's tax.

Entry band:
Top rate:

Panama#37

10% / 5%

Dividends from licensed Panamanian companies carry a final withholding — 10% on Panama-earned profits, 5% on foreign-source or export profits.

Entry band:
Top rate:

Philippines#38

10%

Philippine dividends carry a 10% final withholding for residents; foreign dividends hit the 0-35% scale — but only for citizens.

Entry band:
Top rate:

Thailand#39

10%

10% withheld at source on Thai dividends; you can leave that as your final tax or pool dividends with other income and claim a credit.

Entry band:
Top rate:

Argentina#40

Dividends from Argentine companies carry a 7% final withholding for residents and non-residents; foreign dividends ride the 5-35% scale with a credit.

Entry band:
Top rate:

Slovakia#41

Dividends from post-2024 profits are taxed at a flat 7% — with no health contribution — and 2004–2016 profits distribute entirely tax-free.

Entry band:
Top rate:

Uruguay#42

Dividends from locally taxed company profits carry 7%, withheld by the payer; foreign-investment-income distributions pay 12%, and listed-company dividends are exempt.

Entry band:
Top rate:

Bulgaria#43

A flat, final 5% withholding on dividends — the 2026 budget's proposed doubling was dropped — and stock dividends are not taxed at all.

Entry band:
Top rate:

Cyprus#44

5% / 0%

Dividends are income-tax exempt; domiciled residents pay a 5% defence contribution (cut from 17% in 2026), non-doms pay none — just the capped 2.65% health charge.

Entry band:
Top rate:

El Salvador#45

Dividends from Salvadorean companies carry a 5% final withholding — the same for residents and foreign investors; pre-2012 profits are grandfathered.

Entry band:
Top rate:

Georgia#46

Final 5% withholding on dividends from Georgian companies. Once withheld, no further tax and nothing to file.

Entry band:
Top rate:

Greece#47

Flat 5% withheld at source and final — one of the lowest dividend rates in the European Union.

Entry band:
Top rate:

Peru#48

Peruvian dividends carry a flat 5% final withholding; foreign dividends instead join the 8-30% work-income scale.

Entry band:
Top rate:

Vietnam#49

Dividends and other capital-investment income carry a flat 5%, withheld at source; bank deposit interest is exempt entirely.

Entry band:
Top rate:

Andorra#50

0% / 10%

Andorran-company dividends are exempt for residents. Foreign dividends are savings income: 10% after the EUR 3,000 exemption.

Entry band:
Top rate:

Bahrain#51

No tax on dividends received and no withholding on dividends paid — from Bahraini or foreign companies alike.

Entry band:
Top rate:

Estonia#52

Shareholders pay nothing on Estonian dividends — the company's 22% distribution tax is final; qualifying foreign dividends are exempt too.

Entry band:
Top rate:

Hong Kong#53

Dividends are exempt from all Hong Kong taxes — local or foreign, whatever the amount — and no withholding exists.

Entry band:
Top rate:

Indonesia#54

0% / 10%

Domestic dividends are exempt when reinvested in Indonesia for 3 years; unreinvested amounts pay a 10% final tax you remit yourself.

Entry band:
Top rate:

Latvia#55

0% / 25.5%

Dividends from company-taxed post-2017 profits are exempt; everything else — old profits, low-tax-jurisdiction payers — bears 25.5%.

Entry band:
Top rate:

Malaysia#56

0% / 2%

Malaysian dividends arrive tax-paid under the single-tier system; only annual dividend income above MYR 100,000 picks up a 2% charge.

Entry band:
Top rate:

Malta#57

0% extra

Full imputation: the company's 35% tax comes with the dividend as a credit, so most shareholders owe nothing more — and many can claim refunds.

Entry band:
Top rate:

Mauritius#58

Dividends from Mauritius-resident companies are exempt with no withholding — though they now count toward the Fair Share Contribution threshold.

Entry band:
Top rate:

Monaco#59

No tax on dividends or interest, domestic or foreign, and no withholding on payments leaving Monaco.

Entry band:
Top rate:

Qatar#60

No tax on dividends for individuals outside business activity, and no dividend withholding.

Entry band:
Top rate:

Saudi Arabia#61

No tax on dividends or interest for individuals outside business; payments to non-residents carry a 5% withholding.

Entry band:
Top rate:

Singapore#62

Dividends from Singapore companies are tax-free in shareholders' hands under the one-tier system; no withholding either.

Entry band:
Top rate:

United Arab Emirates#63

No personal tax on dividends, domestic or foreign, and no withholding.

Entry band:
Top rate:

United States#64

0% / 15% / 20%

Qualified dividends ride the capital gains scale — 0% to $49,450 (single), 15% to $545,500, 20% above — plus 3.8% investment surtax at high incomes.

Entry band:
Top rate:

Australia#65

Marginal rates − franking

Dividends are taxed at marginal rates, but franking credits for the company tax already paid usually cover much of the bill — and are refunded in cash if unused.

Entry band:
Top rate:

Source: 2026 tax dataset · updated 2026-07-11 · rates are headline figures — see each country's tax guide for the full picture.

All rankings