Equities – Double Taxation Treaties concluded by Denmark and currently in force
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.
The following chart contains the withholding tax rates that are applicable to dividends The standard rate of withholding tax on dividends is 27% before any refund.
| Country | Rate prescribed by the DTT – Dividends (%) |
Algeria | 15 |
Argentina | 15 |
Armenia | 15 |
Australia | 15 |
Austria | 15 |
Azerbaijan | 15 |
Bangladesh | 15 |
Belarus | 15 |
Belgium | 15 |
Brazil | 25 |
Bulgaria | 15 |
Canada | 15 |
Chile | 15 |
China | 10 |
Chinese Taipei | 10 |
Croatia | 10 |
Cyprus | 15 |
Czech Republic | 15 |
Egypt | 20 |
Estonia | 15 |
Faroe Islands | 15 |
Finland | 15 |
France | 15 |
Georgia | 10 |
Germany | 15 |
Ghana | 15 |
Greece | 18 |
Greenland | (-)a |
Hungary | 15 |
Iceland | 15 |
India | 25 |
Indonesia | 20 |
Ireland | 15 |
Israel | 10 |
Italy | 15 |
Jamaica | 15 |
Japan | 15 |
Kenya | 30 |
Kuwait | 15 |
Latvia | 15 |
Lithuania | 15 |
Luxembourg | 15 |
Malaysia | 0 |
Malta | 15 |
Mexico | 15 |
Montenegro | 15 |
Morocco | 25 |
Netherlands | 15 |
New Zealand | 15 |
North Macedonia | 15 |
Norway | 15 |
Pakistan | 15 |
Philippines | 15 |
Poland | 15 |
Portugal | 10 |
Romania | 15 |
Serbia | 15 |
Singapore | 10 |
Slovak Republic | 15 |
Slovenia | 15 |
South Africa | 15 |
South Korea | 15 |
Sri Lanka | 15 |
Sweden | 15 |
Switzerland | 15 |
Tanzania | 15 |
Thailand | 10 |
Tunisia | 15 |
Turkey | 20 |
Uganda | 15 |
Ukraine | 15 |
United Kingdom | 15 |
United States | 15 |
Venezuela | 15 |
Vietnam | 15 |
Zambia | 15 |
a. Domestic rates apply and no reduction is available under the treaty