Update – For the latest rates go to: Dividend Withholding Tax Rates by Country for 2018
The Withholding Tax Rates for Foreign Stock Dividends for 2017 are shown in the table below. As some countries change the withholding tax rate every year this list can be a valuable tool for investors holding or planning to invest in foreign stocks. Since this tax can take a huge chunk of dividends sometimes it is important to review the tax impacts before going abroad. For example, among developed countries Switzerland charges one of the highest dividend withholding taxes for non-residents. Others such as Canada give favorable treatment to Americans by waving the tax if the investments (excluding REITs) are held in qualified retirement accounts such as 401Ks.
The Dividend Withholding Tax Rates by Country for 2017 :
Click to enlarge
Source: Deloitte
Download: Dividend Withholding Tax Rates By Country 2017 (in pdf format)
Related:
Bia Feao ([email protected]) wrote:
It appears that the information about dividends in Portugal is not correct. Dividends are taxed at a flat rate of 28%.Am I wrong?
Yes. You seem to be right. 28% is the dividend tax rate for non-residents according to KPMG:
https://home.kpmg.com/xx/en/home/insights/2011/12/portugal-income-tax.html
But another source (S&P) has it at 25%:
https://topforeignstocks.com/2017/03/22/dividend-withholding-tax-rates-by-country-for-year-2017/
So I would say 28% is probably correct.
Hope this helps.
-David
David, The S&P document you listed in the link above has 0% for Argentina and the Deloitte document is pointing 10-35% there are many more inconsistencies. I looked at NYSE tax and that is different as well
https://www.nyse.com/publicdocs/nyse/indices/us_index_group_tax_withholding_table.pdf
Is there a good source for an ADR investor to determine tax withholding?
Roko
Yes. There are inconsistencies between the documents.
Unfortunately there is no one good resource for ADR tax withholding. Thats why I post as much info as I can from various sources.
If you own Argentine stocks then you can do some research online or check with your broker.Another option is to find the ADR depository and ask them.
For example, if it is BNY Mellon you can ask then what the correct rate is for US investors.
Hope this helps.
-David