Equities - 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 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.

As of 1 January 2016 the standard rate of withholding tax on dividends 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 -
Dividends (%)
Tax refund
available (%)
Albania109
Algeria154
Argentina154
Andorra154
Armenia109
Australia154
Austria154
Barbados514
Belarus181
Belgium154
Bolivia154
Brazil154
Bulgaria154
Canada154
Chile109
China109
Colombia514
Costa Rica127
Croatia154
Cuba154
Cyprus514
Czech Republic154
Dominican Republic109
Ecuador154
Egypt127
El Salvador127
Estonia154
Finland154
France154
Georgia109
Germany154
Greece109
Hong Kong109
Hungary154
Iceland154
India154
Indonesia154
Iran109
Ireland154
Israel109
Italy154
Jamaica109
Japan154
Kazakhstan154
Kuwait514
Kyrgyzstan181
Latvia154
Lithuania154
Luxembourg154
Malaysia514
Malta514
Mexico154
Moldova109
Morocco154
Netherlands154
New Zealand154
Nigeria109
North Macedonia154
Norway154
Pakistan109
Panama109
Philippines154
Poland154
Portugal154
Qatar514
Romania154
Russia154
Saudi Arabia514
Senegal109
Serbia109
Singapore514
Slovakia154
Slovenia154
South Africa154
South Korea154
Sweden154
Switzerland154
Tajikistan181
Thailand109
Trinidad and Tobago109
Tunisia154
Turkey154
Turkmenistan181
Ukraine181
United Arab Emirates154
United Kingdom109
United States of America154
Uruguay514
Uzbekistan109
Venezuela109
Vietnam154