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Non-Resident Taxation Manual (January 2023)

Annex III. Limits of taxation in conventions

CountryDividendsInterestFees
GeneralParent-Subsidiary
% part.minimumType
Albania 10 75/10 0/5 0/6 0
Germany:
Former 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:
Former 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 (11) 10 (11) 5 (11) 15/10/0 (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:
Former 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
United Arab Emirates 15 10 5 0 see note(3)( (
Slovakia 15 25 5 0 0/5
Slovenia 15 25 5 5 5
United States:
Until 26-11-19
From 27-11-19

15
0/15

25
10/80

10
5/0

10
0/10

05/08/2010
0
Estonia 15 25 5 0/10 5/10
Philippines 15 10 10 10/15 10/15/20
Finland:
Former 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:
Former Convention
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
Latonia 10 25 5 0/10 5/10
Lithuania 15 25 5 0/10 5/10
Luxemburg 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
From 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
Poland 15 25 5 0 0/10
Portugal 15 25 10 15 5
United Kingdom:
Former agreement
New agreement

15
10/15/0

10
10

10
0

12
0

10
0
Romania
Former 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
Salvador, El 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) 25/10 (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 percentages

Notes to the table

(1) See article 10 of the Agreement.(Go back)

(2) See article 10 of the Agreement.(Go back)

(3) See article 12 of the Agreement.(Go back)

(4) The exemption for parent-subsidiary dividends and interest is applicable to income accrued since 01-06-2007.(Go back)

(5) The exemption for royalties between associated companies is applicable to income accrued since 02-07-2011.(Go back)

(6) The Danish-Spanish Convention and its Protocol has been denounced by Denmark (BOE 19-11-2008).Consequently, the agreement and the protocol modifying it ceased to be in force on 1 January 2009.(Return)

(7) Articles 11 and 12 see Protocol:after a period of 5 years from the coming into force of the agreement the rates will be 0%.(Go back)

(8) See article 10 of the Agreement.(Go back)

(9) See article 10 of the Agreement.(Go back)

(10) The Protocol amending the Convention of 27 June 2011 (BOE 11-06-2013) modifies the minimum shareholding percentage (which is now 10%) and introduces an exemption (dividends paid to a recognised pension fund or plan) (Back)

(11) 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 taxation limit of 5% for parent-subsidiary dividends provided that the minimum percentage shareholding is at least 10%.(Go 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 taxation limit (from 15% to 10%) and introduces a case of exemption (loans made or credits assigned by the Canadian Export Credit Agency).(Go back)

(13) See article 10 of the Agreement.(Go back)

(14) See article 28 of the Agreement.(Go back)