Annex III. Limits on taxation in agreements
| Country | Dividends | Interest | Fees | ||
|---|---|---|---|---|---|
| General | Parent-subsidiary | ||||
| % part. minimum | Type | ||||
| Albania | 10 | 75/10 | 0/5 | 0/6 | 0 |
| Germany: Old Agreement New Agreement |
15 15 |
25 10 |
10 5 |
10 0 |
5 0 |
| Andorra | 15 | 10 | 5 | 5 | 5 |
| Saudi Arabia | 5 | 25 | 0 | 0/5 | 8 |
| Algeria | 15 | 10 | 5 | 0/5 | 7/14 |
| Argentina: Old Agreement New Agreement |
15 15 |
25 25 |
10 10 |
0/12.5 0/12 |
3/5/10/15 3/5/10/15 |
| Armenia | 10 | 25 | 0 | 5 | 5/10 |
| Australia | 15 | - | - | 10 | 10 |
| Austria | 15 | 50 | 10 | 5 | 5 |
| Azerbaijan | 10 | 25 and investment >€250,000 |
5 | 0/8 | 5/10 |
| Barbados | 5 | 25 | 0 | 0 | 0 |
| Belgium | 15 | 25 | 0 | 0/10 | 5 |
| Belarus | 10 | 10 | 5/0 if investment > 1 million € |
0/5 | 5 |
| Bolivia | 15 | 25 | 10 | 0/15 | 15/0 |
| Bosnia and Herzegovina | 10 | 20 | 5 | 0/7 | 7 |
| Brazil | 15 | - | - | 10/15 | 10/15 |
| Bulgaria | 15 | 25 | 5 | 0 | 0 |
| Republic of Cape Verde | 10 | 25 | 0 | 0/5 | 5 |
| Canada | 15/0 (eleven) | 10 (eleven) | 5 (eleven) | 10/15/0 (12) | 0/10 |
| Qatar | 5 | 1/5/10 (13) | 0 | 0 | 0 |
| Czech Republic | 15 | 25 | 5 | 0 | 0/5 |
| Cyprus | 5 | 10 | 0 | 0 | 0 |
| Chile | 10 | 20 | 5 | 5/15 | 5/10 |
| China: Old Agreement New Agreement |
10 10/0 |
- 25 |
- 5 |
10 10/0 |
10 10 |
| Colombia | 5 | 20 | 0 | 10 | 10 |
| Korea | 15 | 25 | 10 | 10 | 10 |
| Costa Rica | 12 | 20 | 5 | 0/5/10 | 10 |
| Croatia | 15 | 25 | 0 | 0/8 (7) | 0/8 (7) |
| Cuba | 15 | 25 | 5 | 10 | 0/5 |
| Denmark (6) | 15 | - | 0 (1) | 10 | 6 |
| Dominican Republic | 10 | 75 | 0 | 0/10 | 10 |
| Ecuador | 15 | - | - | 5/10 | 5/10 |
| Egypt | 12 | 25 | 9 | 10 | 12 |
| Arab Emirates | 15 | 10 | 5 | 0 | see note(3) |
| Slovakia | 15 | 25 | 5 | 0 | 0/5 |
| Slovenia | 15 | 25 | 5 | 5 | 5 |
| USA: Until 11-26-19 Since 11-27-19 |
15 0/15 |
25 10/80 |
10 5/0 |
10 0/10 |
5/8/10 0 |
| Estonia | 15 | 25 | 5 | 0/10 | 5/10 |
| Philippines | 15 | 10 | 10 | 10/15 | 10/15/20 |
| Finland: Old Agreement New Agreement |
15 15/0 |
25 10 |
10 5 |
10 0 |
0/5 0 |
| France | 15 | 10 | 0 | 10 | 0/5 |
| Georgia | 10 | 10 | 0 | 0 | 0 |
| Greece | 10 | 25 | 5 | 0/8 | 6 |
| Hong Kong | 10 | 25 | 0 | 0/5 | 5 |
| Hungary | 15 | 25 | 5 | 0 | 0 |
| India | 15 | - | - | 15 | 10/20 |
| Indonesia | 15 | 25 | 10 | 10 | 10 |
| Iran | 10 | 20 | 5 | 7.5 | 5 |
| Ireland | 15 | 25 | 0 | 0 | 5/8/10 |
| Iceland | 15 | 25 | 5 | 5 | 5 |
| Israel | 10 | - | - | 5/10 | 5/7 |
| Italy | 15 | - | - | 12 | 4/8 |
| Jamaica | 10 | 25 | 5 | 0/10 | 10 |
| Japan: Old Agreement New Agreement |
15 0(14)/5/10 |
25 10 |
10 0(14)/10 |
10 0(14)/10 |
10 0(14) |
| Kazakhstan | 15 | 10 | 5 | 0/10 | 10 |
| Kuwait | 5 | 10 | 0 | 0 | 5 |
| Letonia | 10 | 25 | 5 | 0/10 | 5/10 |
| Lithuania | 15 | 25 | 5 | 0/10 | 5/10 |
| Luxembourg | 15 | 25 | 10 | 10 | 10 |
| Macedonia | 15 | 10 | 5 | 5 | 5 |
| Malaysia | 5 | 5 | 0 | 0/10 | 5/7 |
| Malta | 5 | 25 | 0 | 0 | 0 |
| Morocco | 15 | 25 | 10 | 10 | 5/10 |
| Mexico: Until 26-09-17 Since 27-09-17 |
15 10/0 |
25 10 |
5 0 |
10/15 4.9/10 |
0/10 0/10 |
| Moldova | 10 | 25/50 | 5/0 | 0/5 | 8 |
| Nigeria | 10 | 10 | 7.5 | 7.5 | 3.75/7.5 |
| Norway | 15 | 25 | 10 | 0/10 | 5 |
| New Zealand | 15 | - | - | 10 | 10 |
| Oman | 10 | 20 | 0 | 5 | 8 |
| Netherlands | 15 | 25/50 | 5/10 | 10 | 6 |
| Pakistan | 10 | 25/50 | 7.5/5 | 0/10 | 7.5 |
| Panama | 10 | 40/80 (8) | 5/10 | 0/5 | 5 |
| Paraguay | 0/10 | 50 | 5 | 0/5 | 5 |
| Poland | 15 | 25 | 5 | 0 | 0/10 |
| Portugal | 15 | 25 | 10 | 15 | 5 |
| United Kingdom: Old Agreement New Agreement |
15 10/15/0 |
10 10 |
10 0 |
12 0 |
10 0 |
| Romania: Old Agreement New Agreement |
15 0/5 |
25 10 |
10 0 |
10 0/3 |
10 3 |
| Russian Federation | 5/10/15 (2) | - | - | 5 | 5 |
| Former USSR | 18 | - | - | 0 | 5 |
| Savior (The) | 12 | 50 | 0 | 0/10 | 10 |
| Senegal | 10 | - | - | 0/10 | 10 |
| Serbia | 10 | 25 | 5 | 0/10 | 5/10 |
| Singapore | 5 (9) | 10 | 0 | 0/5 | 5 |
| South Africa | 15 | 25 | 5 | 0/5 | 5 |
| Sweden | 15 | 50 | 10 | 15 | 10 |
| Switzerland | 15/0 (10) | 10/25 (10) | 10/0 (4) | 10/0 (4) | 5/0 (1) |
| Thailand | 10 | 0 | - | 10/15 | 5/8/15 |
| Trinidad and Tobago | 10 | 25/50 | 5/0 | 0/8 | 5 |
| Tunisia | 15 | 50 | 5 | 5/10 | 10 |
| Turkey | 15 | 25 | 5 | 10/15 | 10 |
| Uruguay | 5 | 75 | 0 | 0/10 | 5/10 |
| Uzbekistan | 10 | 25 | 5 | 5 | 5 |
| Venezuela | 10 | 25 | 0 | 0/4.95/10 | 5 |
| Vietnam | 15 | 25/50 | 10/7 | 10 | 10 |
Data in percentage
Notes to the table:
(1) See Article 10 of the Convention. (Back)
(2) See Article 10 of the Convention. (Back)
(3) See Article 12 of the Convention. (Back)
(4) The exemption for parent-subsidiary dividends and interest is applicable to income accrued since 01-06-2007. (Back)
(5) The exemption for royalties between associated companies is applicable to income accrued since 02-07-2011. (Back)
(6) The Spanish-Danish Convention and its Protocol have been denounced by Denmark ( BOE 19-11-2008). As a result, the Convention and its Protocol cease to be in force on 1 January 2009. (Back)
(7) Articles 11 and 12 see Protocol: After a period of 5 years from the entry into force of the Agreement, the rates will be 0%. (Back)
(8) See Article 10 of the Convention. (Back)
(9) See Article 10 of the Convention. (Back)
(10) The Protocol to modify the Agreement of June 27, 2011 (BOE 11-06-2013) modifies the minimum participation percentage (which becomes 10%) and introduces a case of exemption (dividends paid to a recognized pension fund or plan). (Back)
(eleven) The Protocol amending the Convention of 23 November 1976 (BOE 08-10-2015), applicable to dividends accrued since 12-12-2015, introduces a case of exemption (dividends paid to a pension plan or retirement plan) and establishes a tax limit of 5% for parent-subsidiary dividends provided that the minimum participation percentage is at least 10%. (Back)
(12) The Protocol amending the Convention of 23 November 1976 (BOE 08-10-2015), applicable to interest accrued since 12-12-2015, modifies the tax limit (from 15% to 10%) and introduces an exemption (loans made or credits ceded by the Canadian Export Credit Agency). (Back)
(13) See Article 10 of the Convention. (Back)
(14) See Article 28 of the Convention. (Back)