Countries with no dividend tax

• Andorra0% / 10%

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

• Bahrain0%

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

• Estonia0%

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

• Hong Kong0%

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

• Indonesia0% / 10%

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

• Latvia0% / 25.5%

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

• Malaysia0% / 2%

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

• Malta0% 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.

• Mauritius0%

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

• Monaco0%

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

• Qatar0%

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

• Saudi Arabia0%

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

• Singapore0%

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

• United Arab Emirates0%

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

• United States0% / 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.

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