Dividend tax by country — headline rates

Cross-country comparison of headline dividend tax rates. Draft-status country pages are excluded until figures are cross-checked.

See the full 65-country comparison table →

Rank	Country	Headline rate	Composition
#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.
#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.
#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.
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.
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.
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.
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.
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.
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.
10	Belgium	30%	Flat 30% withholding, final for most investors; the first €833 of dividends is refundable via the return.
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.
12	Portugal	28%	28% flat, taken at source; you can instead have half of qualifying dividends taxed with your other income.
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.
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.
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.
16	Italy	26%	26% flat, withheld at source as a final tax on dividends held privately; no option to use the progressive bands instead.
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.
18	Slovenia	25%	Flat, final 25% withholding on dividends — or 15% (falling to 0% after 15 years) inside the new Individual Investment Account.
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.
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.
21	Poland	19%	Flat, final 19% withholding on dividends — never added to the progressive scale, and outside the 4% solidarity-tax base.
22	Spain	19% – 30%	Dividends are savings income on a five-step scale: 19% to €6,000, rising to 30% above €300,000.
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.
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.
25	Belize	15%	Dividends are generally settled by a flat 15% withheld at source rather than progressive taxation.
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.
27	Czech Republic	15%	Czech dividends bear a final 15% withholding; foreign dividends go into the ordinary base at 15/23%.
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.
29	Lithuania	15%	Dividends are always taxed at a flat 15% by withholding — they never enter the progressive scale, whatever the amount.
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.
31	Montenegro	15%	Dividends carry a 15% final withholding for residents and non-residents alike — no further tax, no return.
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.
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.
34	Croatia	12%	Flat, final 12% withholding on dividends — no municipal variation and no further filing.
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.
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.
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.
38	Philippines	10%	Philippine dividends carry a 10% final withholding for residents; foreign dividends hit the 0-35% scale — but only for citizens.
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.
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.
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.
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.
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.
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.
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.
46	Georgia	5%	Final 5% withholding on dividends from Georgian companies. Once withheld, no further tax and nothing to file.
47	Greece	5%	Flat 5% withheld at source and final — one of the lowest dividend rates in the European Union.
48	Peru	5%	Peruvian dividends carry a flat 5% final withholding; foreign dividends instead join the 8-30% work-income scale.
49	Vietnam	5%	Dividends and other capital-investment income carry a flat 5%, withheld at source; bank deposit interest is exempt entirely.
50	Andorra	0% / 10%	Andorran-company dividends are exempt for residents. Foreign dividends are savings income: 10% after the EUR 3,000 exemption.
51	Bahrain	0%	No tax on dividends received and no withholding on dividends paid — from Bahraini or foreign companies alike.
52	Estonia	0%	Shareholders pay nothing on Estonian dividends — the company's 22% distribution tax is final; qualifying foreign dividends are exempt too.
53	Hong Kong	0%	Dividends are exempt from all Hong Kong taxes — local or foreign, whatever the amount — and no withholding 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.
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%.
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.
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.
58	Mauritius	0%	Dividends from Mauritius-resident companies are exempt with no withholding — though they now count toward the Fair Share Contribution threshold.
59	Monaco	0%	No tax on dividends or interest, domestic or foreign, and no withholding on payments leaving Monaco.
60	Qatar	0%	No tax on dividends for individuals outside business activity, and no dividend withholding.
61	Saudi Arabia	0%	No tax on dividends or interest for individuals outside business; payments to non-residents carry a 5% withholding.
62	Singapore	0%	Dividends from Singapore companies are tax-free in shareholders' hands under the one-tier system; no withholding either.
63	United Arab Emirates	0%	No personal tax on dividends, domestic or foreign, and no withholding.
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.
65	Australia	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.

Headline rates only. Effective burdens depend on brackets, allowances, surcharges, residency and regime elections — see each country guide for detail. Updated 2026-07-11.