The percentage of tax withheld on dividend distributions announced by non-US listed companies depends on the applicable laws of the source country.
Determining the source country for tax purposes is not always straightforward as the rules vary from country to country. Sometimes it may relate to the country in which the company issuing the dividend is incorporated, whilst in cases it might be where effective management and control reside. Furthermore, in cases where a company is considered to be a tax resident in more than one jurisdication, applicable tax treaties shall determine which country has the right to levy tax/es.
Whilst the table below is purely indicative and subject to change, it should give a fairly good indication of the typical applicable tax percentages by source country.
Austria | 27.50% |
Canada | 25% |
Denmark | 27% |
Finland | 35% |
France | 25% |
Germany | 26.375% |
Hong Kong | 0% |
Ireland | 25% |
Italy | 26% |
Malta | 35% |
Netherlands | 15% |
Norway | 25% |
Portugal | 25% |
Spain | 19% |
Sweden | 30% |
Switzerland | 35% |
United Kingdom | 0% |