Debt securities - Double Taxation Treaties concluded by Australia and currently in force
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 Double Taxation Treaty (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 10% before any refund.
There is currently no prescribed form for tax refund available for use.
Country | Rate prescribed | Tax refund |
Argentina | 12 | - |
Austria | 10 | 0 |
Belgium | 10 | 0 |
Canada | 10 | 0 |
Chile | 5/10a | 5/0 |
China | 10 | 0 |
Czech Republic | 10 | 0 |
Denmark | 10 | 0 |
Fiji | 10 | 0 |
Finland | 0/10a | 10/0 |
France | 0/10a | 10/0 |
Germany | 0/10a | 10/0 |
Hungary | 10 | 0 |
India | 15 | - |
Indonesia | 10 | 0 |
Ireland | 10 | 0 |
Italy | 10 | 0 |
Japan | 0/10a | 10/0 |
Kiribati | 10 | 0 |
Malaysia | 15b | - |
Malta | 15b | - |
Mexico | 10 | 0 |
Netherlands | 10 | 0 |
New Zealand | 0/10ac | 10/0 |
Norway | 0/10a | 10/0 |
Papua New Guinea | 10 | 0 |
Philippines | 15 b | - |
Poland | 10 | 0 |
Romania | 10 | 0 |
Russia | 10 | 0 |
Singapore | 10 | 0 |
Slovak Republic | 10 | 0 |
South Africa | 0/10a | 10/0 |
South Korea | 15b | - |
Spain | 10 | 0 |
Sri Lanka | 10 | 0 |
Sweden | 10 | 0 |
Switzerland | 0/10a | 10/0 |
Taiwan | 10 | 0 |
Thailand | 10/25bd | 0/- |
Turkey | 10 | 0 |
United Kingdom | 0/10a | 10/0 |
United States of America | 0/10a | 10/0 |
Vietnam | 10 | 0 |
a. The lower rate applies to interest derived by a financial institution (as defined) which is unrelated to and dealing wholly independently with the payer. However, 10% applies if the interest is paid as part of an arrangement involving back-to-back loans, or other arrangements that are economically equivalent and intended to have a similar effect. In the treaty with Switzerland , the 0% rate also applies, in the case of Australia, to a resident of Australia deriving such interest from the carrying on of complying superannuation activities, but 10% applies if the beneficial owner of the interest participates directly or indirectly in the management, control or capital, or has an existing or contingent right to participate in the financial, operating or policy decisions, of the issuer of the debt claim.
b. The domestic rate for interest withholding tax is 10%. If a treaty provides for a higher rate, the domestic rate is levied instead. In addition, many of the treaties provide for an exemption for certain types of interest, e.g. interest paid to governments, public bodies and institutions or in relation to sales on credit. Such exemptions are not considered in this column.
c. The 10% rate applies to payments that has not paid the approved issuer levy in New Zealand in respect of the interest payment.
d. The lower rate applies for interest paid to financial institutions.