Equities - Double Taxation Treaties concluded by Germany and currently in force

04.05.2022

Note: LuxCSD provides these rates for information purposes only and does not guarantee that this information is correct, complete and accurate. LuxCSD does not assume liability for any damages, direct or indirect, that may arise from the reliance on or the use of this information. The rate as prescribed in the DTT assumes that the beneficial owner does not hold a substantial percentage of the share capital of the company paying the dividend. Different rates may apply for substantial holdings. Please refer to the actual DTT or your tax advisor for further information.

For most markets, the "Application for a refund of German capital tax" (010005 - Antrag auf Erstattung der deutschen Steuer auf Kapitalerträge - Stand 07/2019), which available on the website of the Federal Central Tax Office (Bundeszentralamt für Steuern; BZSt) must be used. For further information on the application form, please refer to Tax Forms to use - Germany. For certain markets, specific forms from the BZSt are required as indicated below.

The standard rate of withholding tax on German equities is 25% plus a 5.5% surcharge, resulting in a total withholding tax rate of 26.375%.

CountryRate prescribed
by the DTT -
Dividends (%)		Tax refund
available (%)

Argentina

15

11.375

Armenia

15

11.375

Australia

15

11.375

Austria

15

11.375

Azerbaijan

15

11.375

Bangladesh

15

11.375

Belarus

15

11.375

Belgium

15

11.375

Bolivia

10

16.375

Bosnia-Herzegovina

15

11.375

Bulgaria

15

11.375

Canada

15

11.375

China a

10

16.375

Croatia

15

11.375

Cyprus

15

11.375

Czech Republic

15

11.375

Denmark

15

11.375

Ecuador

15

11.375

Egypt

15

11.375

Estonia

15

11.375

Farao Islands

15

11.375

Finland

15

11.375

France

15

11.375

Georgia

15

11.375

Greece

25

1.375

Hungary

15

11.375

Iceland

15

11.375

India

10

16.375

Indonesia

15

11.375

Iran

20

6.375

Ireland

15

11.375

Israel

25

1.375

Italy

15

11.375

Ivory Coast

15

11.375

Jamaica

15

11.375

Japan

15

11.375

Kazakhstan

15

11.375

Kenya

15

11.375

Kuwait

15

11.375

Kyrgyzstan

15

11.375

Latvia

15

11.375

Liberia

15

11.375

Liechtenstein

15

11.375

Lithuania

15

11.375

Luxembourg

15

11.375

Malaysia

15

11.375

Malta

15

11.375

Mauritius

15

11.375

Mexico

15

11.375

Moldova

15

11.375

Mongolia

10

16.375

Morocco

15

11.375

Namibia

15

11.375

Netherlands

15

11.375

New Zealand

15

11.375

North Macedonia

15

11.375

Norway

15

11.375

Pakistan

15

11.375

Papua New Guinea

15

11.375

Philippines

15

11.375

Poland

15

11.375

Portugal

15

11.375

Romania

15

11.375

Russia

15

11.375

Serbia and Montenegro

15

11.375

Singapore

15

11.375

Slovakia

15

11.375

Slovenia

15

11.375

South Africa

15

11.375

South Korea

15

11.375

Spain

15

11.375

Sri Lanka

15

11.375

Sweden

15

11.375

Switzerland b

15

11.375

Taiwan

10

16.375

Tajikistan

15

11.375

Thailand

20

6.375

Trinidad and Tobago

20

6.375

Tunisia

15

11.375

Turkey

20

6.375

Turkmenistan

15

11.375

Ukraine

10

16.375

United Arab Emirates

10

16.375

United Kingdom

15

11.375

United Kingdom c

10

15.375

United Kingdom d

5

20.375

U.S.A. e

15

11.375

Uruguay

15

11.375

Uzbekistan

15

11.375

Venezuela

15

11.375

Vietnam

15

11.375

Zambia

15

11.375

Zimbabwe

15

11.375

---------------------
a. The China DTT does not apply to Hong Kong.
b. Specific Form R-D1 (individuals) or Form R-D2 (legal entities) is required.
c. If the beneficial owner is a pension scheme.
d. If the beneficial owner is a company (other than a partnership) that holds directly at least 10% of the capital of the company paying the dividends.
e. Specific Form E-USA is required. For U.S. pension funds, Form Pensionfonds is also required.

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