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Interest withholding tax

Non-resident recipients

Non-resident recipient corporations and individualsInterest WHT (%)
Non-treaty territories20
Treaty territories: 
Albania6
Algeria7
Antigua and Barbuda20
Argentina12
Armenia5
Australia0/10 (2)
Austria 0
Azerbaijan10
Bahrain0/20 (7)
Bangladesh7.5/10 (2)
Barbados0
Belarus5
Belgium0/10 (5)
Belize20
Bolivia15
Bosnia-Herzegovina10
Botswana10
British Virgin Islands20
Brunei20
Bulgaria0/5 (7)
Canada0/10 (7)
Cayman Islands20
Channel Islands: 
Guernsey (includes Alderney and Hern)0/20 (7)
Jersey 0/20 (7)
Chile4/5/10 (2)
China (excludes Hong Kong)10
Colombia10
Croatia0/5 (7)
Cyprus 0
Czech Republic0
Denmark0
Egypt15
Estonia0/10 (2)
Ethiopia5
Falkland Islands0
Faroes0
Fiji10
Finland0
France0
Gambia15
Georgia0
Germany0
Ghana12.5
Gibraltar0/20 (7)
Greece0
Grenada20
Guyana15
Hong Kong0
Hungary0
Iceland0
India10/15 (2)
Indonesia10
Ireland, Republic of0
Isle of Man 0/20 (7)
Israel5/10 (2)
Italy0/10 (6)
Ivory Coast (Côte d’Ivoire)15
Jamaica12.5
Japan0/10 (10)
Jordan10
Kazakhstan10
Kenya15
Kiribati20
South Korea (Republic of Korea)10
Kosovo0
Kuwait0
Kyrgyzstan (not yet in force)5
Latvia10
Lesotho10
Libya0
Liechtenstein0
Lithuania0/10 (7)
Luxembourg0
Macedonia0/10 (5)
Malawi0/20 (3)
Malaysia10
Malta10
Mauritius20
Mexico5/10/15 (7)
Moldova5
Mongolia7/10 (2)
Montenegro10
Montserrat20
Morocco10
Myanmar20
Namibia20
Netherlands0
New Zealand10
Nigeria12.5
Norway0
Oman0
Pakistan15
Panama0/5/20 (7)
Papua New Guinea10
Philippines10/15 (7)
Poland0/5 (2)
Portugal10
Qatar0/20 (7)
Romania10
Russian Federation0
St. Kitts and Nevis (St. Christopher and Nevis)20
Saudi Arabia0
Senegal10
Serbia10
Sierra Leone20
Singapore0/5 (2)
Slovak Republic0
Slovenia0/5 (7)
Solomon Islands20
South Africa0
Spain0
Sri Lanka10
Sudan15
Swaziland20
Sweden0
Switzerland0
Taiwan10
Tajikistan10
Thailand20
Trinidad and Tobago10
Tunisia10/12 (2)
Turkey (excludes North Cyprus)15
Turkmenistan10
Tuvalu20
Uganda15
Ukraine5
United Arab Emirates0/20 (7)
United States0/15 (11)
Uruguay10
Uzbekistan5
Venezuela5
Vietnam10
Zambia10
Zimbabwe10

Notes:

  1. 3% for news; 5% for copyright; 10% industrial; 15% other royalties.
  2. Lower rate for loans from banks and financial institutions.
  3. Higher rate applies if recipient controls more than 50% of payer.
  4. Lower rate applies to copyright royalties.
  5. 0% on loans between businesses.
  6. Lower rate applies to industrial, commercial royalties.
  7. Specific additional conditions apply for lower rate.
  8. Lower rate applies for equipment royalties.
  9. Lower rate applies to films, TV, and radio.
  10. Higher rate applies to certain profit related interest.
  11. Specific conditions apply for higher rate.