UK withholding tax treaties

Reduced treaty withholding tax rates on dividend, interest and royalty payments received by qualifying UK companies can be obtained from an overseas Contracting State under the terms of the relevant UK tax treaty in order to prevent double taxation of profits.

Set out below are the special rates of withholding taxes which UK companies can benefit from when receiving dividends, interest or royalties from the countries below:


Contracting
State

Dividend
(Portfolio
Holding)

Dividend
non-Portfolio Holding)

Interest

Royalties

Argentina

15%

10%

12%

3%-15% depending on nature of royalty

Australia

15%

5%

10%

5%

Austria

5%

15%

0%

0% or 10%

Belarus

0%

0%

0%

0%

Belgium

10%

5%

15%

0%

Bulgaria

10%

10%

0%

0%

Canada

15%

5%

10%

10%

China

15%

5%-10%

10%

0%-10%

Cyprus

0%

0%

10%

5%

Czech

15%

5%

0%

0% or 10%

Denmark

25%

0%

0%

0%

Georgia

10%

0% or 5%

0%

0%

Greece

-

-

0%

0%

Hong Kong

0%

0%

0%

3%

Hungary

10% or 15%

10% or 15%

0%

0%

India

15%

15%

15%

10% or 15%

Indonesia

15%

10%

10%

10% or 15%

Ireland

15%

5%

0%

0%

Italy

10%

5%

10%

8%

Japan

10%

5%

10%

0%

Kazakhstan

15%

5%

10%

10%

Kenya

0% or 15%

0% or 15%

15%

15%

Latvia

15%

5%

10%

5% or 10%

Luxembourg

15%

5%

0%

5%

Malta

0%

0%

10%

10%

Netherlands

15%

5%

0%

0%

Norway

15%

0%

0%

0%

Poland

10%

0%

5%

5%

Portugal

15%

10%

0%

5%

Qatar

0% or 15%

0% or 15%

0%

5%

Russia

10%

10%

0%

0%

Saudi Arabia

5% or 15%

5% or 15%

0%

5% or 8%

Singapore

15%

5%

10%

10%

South Africa

15%

0%

0%

0%

Sweden

5%

0%

0%

0%

Taiwan

10%

10%

10%

10%

Turkmenistan

0%

0%

0%

0%

Ukraine

10%

5%

0%

0%

USA

15%

5%

0%

0%

Vietnam

15%

7% or 10%

10%

10%

Zimbabwe

20%

5%

10%

10%

 

These tables are designed to provide a general snapshot view of treaty rates of withholding tax which UK companies may benefit from under the specified UK tax treaties.

The conditions which UK companies must meet to obtain  these treaty rates are not set out here.

This is a general guide and specific advice should be taken in all cases. Reliance should not be placed on these tables without taking independent advice, or consulting with a specialist at Jordans.

Contact

Our team of friendly experts are here to answer your questions

OUR OFFICE