Debt securities - Double Taxation Treaties concluded by Japan and currently in force

05.02.2020

Note: Clearstream Banking provides these rates for information purposes only and does not assume liability in any case of error, omission or consequential damages. The rate as prescribed in the DTT may differ depending on the status of the beneficial owner. Please refer to the actual DTT or your tax advisor for further information.

The standard rate of withholding tax on interest is 15.315% before any refund.

Country

Rate prescribed
by the DTT -
Interest (%)

Tax refund
available (%)

Australia

10

5.315

Austria

0

15.315

Bangladesh

10

5.315

Belarus

10

5.315

Belgium

10

5.315

Brazil

12.5

2.815

Brunei

10

5.315

Bulgaria

10

5.315

Canada

10

5.315

Chile 105.315

China

10

5.315

Croatia510.315

Czech Republic

10

5.315

Denmark

0

15.315

Ecuador105.315
Estonia105.315

Finland

10

5.315

France

10

5.315

Georgia

10

5.315

Germany

0

15.315

Hong Kong

10

5.315

Hungary

10

5.315

Iceland015.315

India

10

5.315

Indonesia

10

5.315

Ireland

10

5.315

Israel

10

5.315

Italy

10

5.315

Kazakhstan

10

5.315

Kuwait

10

5.315

Kyrgyz Republic

10

5.315

Latvia0/10 a15.315/5.315
Lithuania0/10 a15.315/5.315

Luxembourg

10

5.315

Malaysia

10

5.315

Mexico

15

0.315

Netherlands

10

5.315

New Zealand

10

5.315

Norway

10

5.315

Pakistan

10

5.315

Philippines

10

5.315

Poland

10

5.315

Portugal

10

5.315

Qatar 

10

5.315

Republic of Armenia

10

5.315

Republic of Moldava

10

5.315

Romania

10

5.315

Russia

0

15.315

Saudi Arabia

10

5.315

Singapore

10

5.315

Slovakia

10

5.315

Slovenia510.315

South Africa

10

5.315

South Korea

10

5.315

Spain

10

5.315

Sri Lanka b

0

15.315

Sultanate of Oman

10

5.315

Sweden

0

15.315

Switzerland

10

5.315

Taiwan 

10

5.315

Tajikistan

10

5.315

Thailand

25

0

Turkey

15

0.315

Turkmenistan

10

5.315

Ukraine

10

5.315

United Arab Emirates 

10

5.315

United Kingdom c

0

15.315

United States of America d

0

15.315

Uzbekistan

10

5.315

Vietnam

10

5.315

Zambia

10

5.315

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a. 0% if the beneficial owner is a person other than an individual, and the interest is not determined by reference to receipts, sales, income, profits or other cash flow of the debtor or a related person, to any change in the value of any property of the debtor or a related person or to any dividends, partnership distribution or similar payment made by the debtor or a related person. 

b. Only applicable to banks.

c. 0% is applicable provided that the final beneficial owner satisfies the requirements of the Limitation On Benefits Article (LOB).
Certain interest income (for example interest from profit-linked bonds) is subject to 10% tax.

d. 0% does not apply to interest that is determined by reference to receipts, sales, income, profits or other cash flow of the debtor or a related person, to any change in the value of any property of the debtor or a related person or to any dividends, partnership distribution or similar payment made by the debtor or a related person (for example profit-linked bonds) and 10% applies.