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

24.03.2022

Note: Clearstream Banking provides an annual update of rates for information purposes only and does not guarantee that this information is correct, complete and accurate. Clearstream Banking 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 standard rate of withholding tax on dividends is 35% before any refund.

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

Algeria

15

20

Andorra

15

20

Angola

15

20

Austria

15

20

Bahrain 

15

20

Barbados

15

20

Belgium

15

20

Brazil

15

20

Bulgaria

15

20

Canada

15

20

Cape Verde

10

25

Chile

15

20

China (People's Rep.)

10

25

Colombia

10

25

Croatia

10

25

Cuba

10

25

Cyprus 

10

25

Czech Republic

15

20

Denmark

10

25

Estonia

10

25

Ethiopia

10

25

France

15

20

Georgia

10

25

Germany

15

20

Greece

15

20

Guinea-Bissau

10

25

Hong Kong 

10

25

Hungary

15

20

Iceland

15

20

India

15

20

Indonesia

10

25

Ireland

15

20

Israel

15

20

Italy

15

20

Ivory Coast (Côte d'Ivoire)

10

25

Japan

10

25

Korea (Rep.)

15

20

Kuwait

10

25

Latvia

10

25

Lithuania

10

25

Luxembourg

15

20

Macau

10

25

Malta

15

20

Mexico

10

25

Moldova

10

25

Montenegro

10

25

Morocco

15

20

Mozambique

10

25

Netherlands

10

25

Norway

15

20

Oman

15

20

Pakistan

15

20

Panama

15

20

Peru

15

20

Poland

15

20

Qatar

10

25

Romania

15

20

Russia

15

20

San Marino

15

20

Sao Tome and Principe

15

20

Saudi Arabia 

10

25

Senegal 

10

25

Singapore

10

25

Slovak Republic

15

20

Slovenia

15

20

South Africa

15

20

Spain

15

20

Sweden

10

25

Switzerland

15

20

Tunisia

15

20

Turkey

15

20

Ukraine

15

20

United Arab Emirates

15

20

United Kingdom

15

20

United States

15

20

Uruguay

10

25

Venezuela

10

25

Vietnam

15

20