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Withholding tax by country compared (2026)

Standard non-resident withholding rates on interest, dividends and royalties, with treaty and residency context.

See the ranked withholding tax league table
Argentina#1
35% on notional slices

Non-residents pay 35% on presumed income percentages — effective rates of 12.25% to 31.5% by income type, with 7% on dividends.

Entry band:
Effective 12.25% (authors' copyright)
Top rate:
Effective 31.5% (90% notional slice)
Chile#2
35%

The non-resident tax defaults to 35% on gross Chilean income, with carve-outs — 15% technical services, 4% qualifying interest, 10% listed-share gains.

Entry band:
4% on qualifying interest
Top rate:
35% (default on gross)
Switzerland#3
35%

The 35% anticipatory tax on dividends and interest is the workhorse; treaties refund most of it. No withholding on royalties; modest rates on pensions, directors' fees and artists.

Entry band:
0% on royalties
Top rate:
35% (dividends and interest, before refunds)
Belgium#4
30%

Non-residents: 30% final on dividends, interest and royalties (15% on copyright royalties), with treaty reductions; salaries via payroll withholding.

Entry band:
15% on qualifying copyright royalties
Top rate:
30% (investment income)
Finland#5
30% / 35%

Non-residents: 30% on dividends and royalties, 35% on salaries (after a daily allowance), 15% for performers; interest almost always exempt.

Entry band:
0% on ordinary interest to non-residents
Top rate:
35% (salaries; undisclosed nominee dividends)
Peru#6
30%

Non-domiciled individuals face 30% on salaries and royalties, an effective 24% on professional fees, 5% on dividends and rents, and 4.99% on most interest.

Entry band:
4.99% on unrelated-party interest
Top rate:
30% (salaries, royalties, off-exchange gains)
Sweden#7
30% / 25%

Non-residents: 30% coupon tax on dividends (treaty-reducible), a 22.5% (2026; 20% from 2027) special non-resident tax (SINK) on salaries and pensions, 0% on interest.

Entry band:
0% on interest to non-residents
Top rate:
30% (dividends before treaty relief)
United States#8
30%

The default on US-source passive income to non-residents is 30%, but treaties, the portfolio-interest exemption and bank-deposit rules zero out much of it.

Entry band:
0% on bank interest and portfolio interest
Top rate:
30% (default on dividends, royalties, rents)
Austria#9
27.5%

Non-residents: 27.5% on dividends (treaty-reducible); interest mostly exempt for information-exchange residents; royalties 20% gross.

Entry band:
0% — interest to information-exchange-country residents; crypto income
Top rate:
27.5% (dividends)
Denmark#10
27% / 0%

Non-residents: 27% on dividends (15% for information-exchange portfolio investors), 0% on interest, 22% on industrial royalties.

Entry band:
0% on interest
Top rate:
30% (hired-out labour; hydrocarbon employment)
Germany#11
26.375%

Dividends to non-residents: 26.375% at source, treaty-reducible; no withholding on ordinary bank interest; royalties 15.825%.

Entry band:
0% on ordinary bank interest to non-residents
Top rate:
26.375% (dividends, before treaty relief)
Italy#12
26% / 30%

Non-residents: 26% final on dividends and most interest; 30% on professional fees; royalties effectively 22.5%; treaties cut the rates.

Entry band:
12.5% on Italian government bond interest
Top rate:
30% (professional fees; royalties on the full amount in some cases)
Canada#13
25%

A flat 25% on passive income to non-residents — with arm's-length interest exempt — plus 15% service withholding; treaties cut most rates.

Entry band:
0% on arm's-length and government interest
Top rate:
25%
Ecuador#14
25%

Non-residents face a 25% final withholding on gross Ecuadorian income (37% from tax havens), with dividends at 10-14%.

Entry band:
10% on dividends
Top rate:
37% (tax-haven recipients)
Mexico#15
25% / 35%

Non-residents face 25% gross withholding on most Mexican income (electable 35% net for property), 10% on dividends, and interest rates from 4.9% to 40%.

Entry band:
0% on the first MXN 125,900 of non-resident salaries
Top rate:
40% (related-party payments to preferential regimes)
Norway#16
25% / 15%

Non-residents: 25% on dividends (treaty or European Economic Area (EEA) relief), 15% on pensions and performer fees, 0% on interest and royalties.

Entry band:
0% on interest and royalties
Top rate:
25% (dividends outside the EEA, before treaties)
Philippines#17
25%

Short-stay non-residents pay a 25% final tax on gross Philippine income; residents live with 20% on interest, 10% on dividends and assorted creditable withholdings.

Entry band:
10% on dividends
Top rate:
25% (short-stay non-residents)
Portugal#18
25% / 28%

Non-residents: 25% final on salaries, pensions, fees and royalties; 28% on investment income; 35% for tax-haven recipients.

Entry band:
25% standard final rate
Top rate:
35% (tax-haven recipients; undisclosed accounts)
Slovenia#19
25%

A single 25% final withholding covers dividends, interest, royalties and rents paid to non-residents — treaties cut it, and listed corporate bonds escape it.

Entry band:
0% on qualifying listed corporate bonds
Top rate:
25%
Colombia#20
20%

The default final withholding on payments abroad is 20% for most categories — fees, royalties, interest, consulting; administrative and management payments carry 33%, and listed low-tax jurisdictions face 35%.

Entry band:
5% on fixed-rate bond income for portfolio investors
Top rate:
35% (recipients in listed low-tax jurisdictions)
El Salvador#21
20% / 25%

Non-residents face a 20% final withholding on gross Salvadorean income — 25% for tax-haven residents — with dividends at 5% and several 3-10% carve-outs.

Entry band:
3% on exchange-traded securities income
Top rate:
25% (tax-haven recipients; non-resident prizes)
Indonesia#22
20%

Non-residents face a flat 20% final withholding on gross Indonesian income; bonds are 10% and treaties cut most rates.

Entry band:
10% on bond interest
Top rate:
20% (non-residents, most income)
Ireland#23
20% / 25%

Non-residents: 25% on dividends (EU/treaty residents usually exempt), 20% on interest, royalties and rents; payroll withholding on Irish workdays.

Entry band:
20% standard rate on interest, royalties, rents
Top rate:
35% (payments to some unregistered contractors)
Vietnam#24
20%

Non-residents lose a flat 20% on Vietnamese salaries; investment and transfer income settles at the same flat rates residents pay — 5%, 2%, 0.1%.

Entry band:
0.1% on securities transfers
Top rate:
20% (non-resident salaries)
Poland#25
19% / 20%

Non-residents: 19% on dividends, 20% on interest, royalties and directors' fees — final, with treaties usually cutting the rates.

Entry band:
0% on qualifying treasury and listed corporate bonds
Top rate:
20% (interest, royalties, directors' fees)
Spain#26
19% / 24%

Non-residents: 24% on employment and business income (19% for EU/EEA residents); 19% on dividends, interest and gains; treaties cut further.

Entry band:
2% on temporary seasonal work contracts
Top rate:
24% (employment and business income of non-EU residents)
Japan#27
15.315% / 20.42%

Non-residents: 20.42% on most gross income (salary, royalties, unlisted dividends), 15.315% on listed dividends and bond interest — treaties cut heavily.

Entry band:
0% on book-entry government bonds (with forms)
Top rate:
20.42%
Belize#28
15% / 25%

Salaries run through pay-as-you-earn (PAYE). Cross-border payments face 15% on dividends and interest and 25% on management and technical fees.

Entry band:
15% on dividends and interest to non-residents
Top rate:
25% (management and technical fees to non-residents)
Costa Rica#29
15% / 25%

Remittances abroad carry final withholdings — 15% on dividends and interest, 25% on professional fees and royalties, 10% on salaries and pensions.

Entry band:
10% on salaries and pensions
Top rate:
25% (professional fees, royalties)
Czech Republic#30
15% / 35%

Standard 15% on dividends, interest and royalties to non-residents — rising to 35% for recipients outside the treaty and EEA world.

Entry band:
5% on financial-lease payments
Top rate:
35% (non-treaty, non-EEA recipients)
Hungary#31
15% / 0%

A flat 15% on dividends to non-residents (treaty rates prevail) — and no Hungarian tax at all on non-residents' securities gains.

Entry band:
0% where treaties exempt
Top rate:
15%
Lithuania#32
15% / scale

Dividends 15%; interest, royalties and rents at the residents' rates; share gains of non-residents untaxed entirely.

Entry band:
15% on dividends
Top rate:
32% (employment and large flows, via the scale)
Luxembourg#33
15% / 0%

Non-residents: 15% on dividends and nothing on interest or royalties — one of Europe's lightest outbound regimes.

Entry band:
0% on interest and royalties
Top rate:
20% (directors' fees)
Montenegro#34
15%

A flat 15% withholding covers dividends, interest, royalties and rents paid to non-residents — and most resident capital income too.

Entry band:
0% on small private-loan interest (under EUR 5,000/year)
Top rate:
15% across capital income classes
Netherlands#35
15%

Dividends 15% (treaty-reducible); no withholding on interest or royalties to individuals; 20% wage tax on visiting performers from non-treaty countries.

Entry band:
0% on interest and royalties
Top rate:
15% (dividends)
New Zealand#36
15% / 30%

Non-residents: 30% on dividends (15% or less by treaty), 15% on interest and royalties — with a 0% approved-issuer route for interest.

Entry band:
0% via the approved-issuer levy on interest
Top rate:
30% (unimputed dividends, pre-treaty)
Singapore#37
15% / 24%

Non-residents: 15% on interest and professional fees, 10% on royalties, 24% on director's fees and service fees — and 0% on dividends.

Entry band:
0% on dividends
Top rate:
24% (director's fees; service fees for work done in Singapore)
Turkey#38
15% / 20%

Dividends leave at 15%, professional fees and rents to companies at 20%, bonds at 10% — and securities gains of non-residents at 0%.

Entry band:
0% on non-residents' securities gains
Top rate:
20% (professional fees, rents to companies, patent sales)
South Korea#39
14% – 22%

Non-residents: 20% on dividends, royalties and services, 14% on most interest, 3% on business gross — all plus the 10% local surtax; treaties need advance paperwork.

Entry band:
3% on business gross proceeds
Top rate:
22% (20% + local) on dividends, royalties, services
France#40
12.8% / 25%

Non-residents: 12.8% final on dividends, generally 0% on interest, 25% on royalties and professional fees; payroll scale 0/12/20% on French salaries.

Entry band:
0% on most interest to non-residents
Top rate:
75% (payments to non-cooperative territories)
Croatia#41
12% / 24%

Non-residents: 12% on dividends and interest, 24% on royalties, directors' fees and performers — mostly final, with treaty relief.

Entry band:
0% on exempt interest categories
Top rate:
24% (royalties, directors, performers)
Uruguay#42
12%

The non-resident income tax runs at a flat 12% on Uruguayan-source income, withheld at source; dividends take 7% and interest follows term-based tiers.

Entry band:
0.6% effective on qualifying technical services from abroad
Top rate:
12% standard, final
Australia#43
10% / 30%

Non-residents: 10% on interest, 30% on unfranked dividends and royalties (0% on franked dividends), 15% withheld on property sales — treaties cut most rates.

Entry band:
0% on fully franked dividends
Top rate:
30% (royalties and unfranked dividends, before treaties)
Malaysia#44
10% / 15%

Non-residents face final withholding of 10% on royalties, fees and most other income, and 15% on interest and entertainer income; dividends carry none.

Entry band:
0% on dividends
Top rate:
15% (interest; public entertainers)
Mauritius#45
10% / 15%

Non-residents: 0% on dividends, 15% on interest and royalties (with wide exemptions), 10% on rents, services and management fees.

Entry band:
0% on dividends
Top rate:
15% (interest and royalties, before exemptions)
Panama#46
10% / half-base scale

Dividends leave at 10% or 5% final; interest and royalties paid abroad are withheld at the progressive rates on just 50% of the payment.

Entry band:
5% dividends from foreign-source profits
Top rate:
Effective 12.5% (25% on a 50% base)
Romania#47
10% / 16%

Non-residents: 16% on dividends; 10% on interest, royalties and Romanian-service fees for treaty and European Union residents (16% otherwise); 50% for artificial arrangements.

Entry band:
10% standard for treaty and European Union residents
Top rate:
50% (artificial arrangements to non-cooperative states)
Thailand#48
10% / 15%

Non-residents: 10% on dividends and 15% on most other Thai income, taken at source as a final tax; treaties can cut both.

Entry band:
10% on dividends
Top rate:
15% (most non-resident income)
Slovakia#49
7% / 19% / 35%

Dividends leave at 7%; interest, royalties, services and performers' fees at 19%; 35% for non-cooperating states.

Entry band:
0% on dividends from 2004–2016 profits
Top rate:
35% (non-cooperating states)
Bulgaria#50
5% / 10%

Non-residents: 5% on dividends and 10% on interest, royalties, rents, fees and gains — with EEA residents able to refile on a net basis.

Entry band:
5% on dividends; 0% on exempt categories
Top rate:
10%
Georgia#51
5% – 20%

Salary is withheld at the flat 20%; dividends and interest at a final 5%. Non-resident payments follow the same low pattern.

Entry band:
5% on dividends, interest and royalties
Top rate:
20% (salary withholding)
Greece#52
5% / 15% / 20%

Non-residents: 5% on dividends, 15% on interest (0% on Greek state bonds), 20% on royalties — final in each case, with treaties often lower.

Entry band:
0% on Greek state-bond interest for non-residents
Top rate:
20% (royalties; professional fees)
Saudi Arabia#53
5% – 20%

Payments to non-residents carry final withholdings: 5% dividends and interest, 15% royalties and service fees, 20% management contracts.

Entry band:
5% (dividends, interest, directors' fees)
Top rate:
20% (enterprise-management contracts)
Andorra#54
0% – 10%

The non-resident tax is a flat 10% withheld by the payer — but Andorran dividends and interest to non-residents are exempt, and royalties carry just 5%.

Entry band:
0% on dividends and interest to non-residents
Top rate:
10% (non-resident work and services)
Bahrain#55
0%

Bahrain imposes no withholding taxes at all — dividends, interest, royalties, fees and salaries all flow gross.

Entry band:
0% on all payment types
Top rate:
0%
Cyprus#56
0% / 10%

Nothing withheld on dividends or interest to non-residents; 10% on royalties used in Cyprus (5% film) and on non-resident entertainers and professionals.

Entry band:
0% on dividends and interest
Top rate:
10% (royalties, entertainers, professional fees)
Estonia#57
0% / 10% / 22%

Nothing on dividends, 10% on royalties, performances and professional fees, 22% on employment, directors' fees and rents paid to non-residents.

Entry band:
0% on dividends and most interest
Top rate:
22% (employment, directors, rents)
Hong Kong#58
0% / 4.5%

No withholding on dividends, interest or service fees — only royalties (4.5%, or 15% to associates) and entertainer fees are withheld.

Entry band:
0% on dividends and interest
Top rate:
15% (royalties to associated non-residents)
Latvia#59
0% – 25.5%

Dividends mostly leave at 0%; interest and copyright royalties at 25.5% (5% special cases), other royalties at 5%, rents at 10% gross — with punitive rules for low-tax destinations.

Entry band:
0% on exempt dividends and publicly traded instrument interest
Top rate:
25.5%
Malta#60
0% / 25%

Nothing on dividends, interest or royalties to non-residents; 25% on-account withholding on rents and similar Maltese income.

Entry band:
0% on dividends, interest and royalties
Top rate:
25% (on-account, rents and similar income)
Monaco#61
0%

No withholding taxes exist — dividends, interest, royalties, fees and salaries are paid gross to anyone, anywhere.

Entry band:
0%
Top rate:
0%
Qatar#62
0% / 5%

No withholding touches personal income; business payments to non-residents — royalties, interest, commissions, services used or benefited in Qatar (wherever performed) — carry a 5% final withholding.

Entry band:
0% on all personal flows
Top rate:
5% (business payments to non-residents)
South Africa#63
0% – 20%

Residents face little beyond salary withholding and the 20% on dividends. Non-residents face final withholding on dividends, interest, royalties and performance fees.

Entry band:
15% on interest and royalties to non-residents
Top rate:
20% (dividends)
United Arab Emirates#64
0%

No withholding taxes exist — payments of dividends, interest, royalties and fees leave the UAE gross.

Entry band:
0%
Top rate:
0%
United Kingdom#65
0% / 20%

No withholding on dividends; 20% on interest, patent royalties and rents to non-residents; payroll withholding on UK workdays.

Entry band:
0% on dividends
Top rate:
20% basic-rate withholding

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

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