Dividend vs capital gains tax

Country	Dividend tax	Capital gains tax
Andorra	0% / 10%	10%
Argentina	7%	15% / 0%
Australia	Marginal rates − franking	Marginal rates, half base
Austria	27.5%	27.5% / 30%
Bahrain	0%	0%
Belgium	30%	10%
Belize	15%	0%
Bulgaria	5%	0% / 10%
Canada	≈ 24 – 40%	≈ 24 – 27%
Chile	0–40% with credits	10% / 0–40%
Colombia	0–39%	15%
Costa Rica	15%	15%
Croatia	12%	12% / 0%
Cyprus	5% / 0%	0% / 20%
Czech Republic	15%	0% / 15–23%
Denmark	27% / 42%	27% / 42%
Ecuador	12%	0% / 0–37%
El Salvador	5%	10%
Estonia	0%	22%
Finland	25.5% / 28.9% effective	30% / 34%
France	31.4%	31.4% / 36.2%
Georgia	5%	0% – 20%
Germany	26.375%	26.375%
Greece	5%	15%
Hong Kong	0%	0%
Hungary	15% + 13%	15%
Indonesia	0% / 10%	0.1% – 35%
Ireland	up to 40%	33%
Italy	26%	26%
Japan	20.315%	20.315% / 39.63%
Latvia	0% / 25.5%	25.5%
Lithuania	15%	15% / 32%
Luxembourg	15% withheld, half taxed	0% after 6 months
Malaysia	0% / 2%	0%
Malta	0% extra	0% – 35%
Mauritius	0%	0%
Mexico	10% + scale	10% / 35%
Monaco	0%	0%
Montenegro	15%	15%
Netherlands	15% / 24.5% – 31%	0% / 24.5% – 31%
New Zealand	up to 39%	0%
Norway	37.84%	37.84% / 22%
Panama	10% / 5%	10%
Peru	5%	5% effective
Philippines	10%	15% / 6% / 0.1%
Poland	19%	19%
Portugal	28%	28%
Qatar	0%	0%
Romania	16%	3% / 6% / 16%
Saudi Arabia	0%	0%
Singapore	0%	0%
Slovakia	7%	0% / 19%
Slovenia	25%	25% → 0%
South Africa	20%	18% max effective
South Korea	15.4% / scale	0% / 20–25% / scale
Spain	19% – 30%	19% – 30%
Sweden	30%	30% / 22%
Switzerland	Ordinary rates (35% withheld)	0%
Thailand	10%	0% / 0–35%
Turkey	15% + scale on half	0% / 10% / scale
United Arab Emirates	0%	0%
United Kingdom	39.35%	24%
United States	0% / 15% / 20%	0% / 15% / 20%
Uruguay	7%	12%
Vietnam	5%	0.1% / 2% / 20%

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