How much tax is deducted from my dividends?
Receiving a dividend payment is a taxable event in some cases and jurisdictions. The percentage of tax withheld by TBanque depends on various factors and differs from case to case.
Dividends paid on US stocks and ETFs
In general, the withholding tax rate for a cash dividend paid by a US corporation is 30%. In cases where effectively connected income (ECI) is paid, the tax rate is 37%.
Dividends paid on non-US stocks and ETFs
The percentage of tax withheld depends on the laws of the source country.
Defining a stock's source country for tax purposes is a complicated process, since the rules vary from country to country. It may be the country in which the company issuing the dividend is incorporated, or in which its effective management and control reside. In cases where a company is considered to be a tax resident in multiple countries, applicable tax treaties determine which country has the right to levy tax. TBanque takes this information from a reliable database and adjusts each dividend payment with the appropriate tax withholding rate on a daily basis.
The table below lists the typical tax percentages according to source country. It is important to note that these figures are indicative and should, therefore, be used only as a guideline.
| Source country | Dividend withholding tax |
| Austria | 27.50% |
| Belgium | 30% |
| Canada | 25% |
| Denmark | 27% |
| Finland | 30% |
| France | 25% |
| Germany | *26.375% |
| Hong Kong | 0% |
| Ireland | 25% |
| Italy | 26% |
| Netherlands | 15% |
| Norway | 25% |
| Portugal | 25% |
| Spain | 19% |
| Sweden | 30% |
| Switzerland | 35% |
| United Kingdom | 0% |
*25% plus surcharge
