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

03.09.2019

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 following listed details are applicable to Spanish corporate bonds not subject to RD 1145/2011.

As of 1 January 2016 the standard rate of withholding tax on interest is 19% before any refund.

The previous applicable standard withholding tax rates were:

From 1 January 2010 until 31 December 201119%
From 1 January 2012 until 31 December 201421%
From 1 January 2015 until 11 July 201520%
From 12 July 2015 until 31 December 201519.5%
CountryRate prescribed
by the DTT -
Interest (%)
Tax refund
available (%)
Albania613
Algeria514
Andorra514
Argentina127
Armenia514
Australia109
Austria514
Barbados019
Belarus019
Belgium019
Bolivia154
Brazil154
Bulgaria019
Canada154
Chile514
China109
Colombia109
Costa Rica109
Croatia019
Cuba109
Cyprus019
Czech Republic019
Dominican Republic109
Ecuador109
Egypt109
El Salvador109
Estonia09
Finland09
France019
Georgia019
Germany019
Greece019
Hong Kong514
Hungary019
Iceland514
India154
Indonesia109
Iran7.511.5
Ireland019
Israel109
Italy019
Jamaica109
Japan109
Kazakhstan109
Kuwait019
Kyrgyzstan019
Latvia019
Lithuania019
Luxembourg019
Malaysia109
Malta019
Mexico154
Moldova514
Morocco109
Netherlands019
New Zealand109
Nigeria7.511.5
North Macedonia514
Norway109
Pakistan109
Panama514
Philippines109
Poland019
Portugal019
Qatar019
Romania019
Russia514
Saudi Arabia514
Senegal109
Serbia109
Singapore514
Slovakia019
Slovenia019
South Africa514
South Korea109
Sweden019
Switzerland019
Tajikistan019
Thailand154
Trinidad and Tobago811
Tunisia109
Turkey154
Turkmenistan019
Ukraine019
United Arab Emirates019
United Kingdom019
United States of America109
Uruguay109
Uzbekistan514
Venezuela109
Vietnam109