Dividend Tax Rate (%)

Raw value is the maintained headline personal tax rate on ordinary cash dividends from listed shares or funds for a resident private individual, expressed as a percent. Lower is better.
1 Andorra0 % 0 % 100
1 Anguilla0 % 0 % 100
1 Antigua and Barbuda0 % 0 % 100
1 Bahamas0 % 0 % 100
1 Bahrain0 % 0 % 100
1 Belize0 % 0 % 100
1 Bermuda0 % 0 % 100
1 Bhutan0 % 0 % 100
1 British Virgin Islands0 % 0 % 100
1 Brunei0 % 0 % 100
1 Bulgaria0 % 0 % 100
1 Cayman Islands0 % 0 % 100
1 Comoros0 % 0 % 100
1 Croatia0 % 0 % 100
1 Cuba0 % 0 % 100
1 Cyprus0 % 0 % 100
1 Djibouti0 % 0 % 100
1 Eritrea0 % 0 % 100
1 Estonia0 % 0 % 100
1 Gibraltar0 % 0 % 100
1 Guyana0 % 0 % 100
1 Hong Kong0 % 0 % 100
1 Iran0 % 0 % 100
1 Jordan0 % 0 % 100
1 Kiribati0 % 0 % 100
1 Korea DPR0 % 0 % 100
1 Kuwait0 % 0 % 100
1 Libya0 % 0 % 100
1 Liechtenstein0 % 0 % 100
1 Macau0 % 0 % 100
1 Madagascar0 % 0 % 100
1 Malaysia0 % 0 % 100
1 Maldives0 % 0 % 100
1 Malta0 % 0 % 100
1 Marshall Islands0 % 0 % 100
1 Mauritius0 % 0 % 100
1 Micronesia0 % 0 % 100
1 Monaco0 % 0 % 100
1 Montserrat0 % 0 % 100
1 Myanmar0 % 0 % 100
1 Nauru0 % 0 % 100
1 Niue0 % 0 % 100
1 Oman0 % 0 % 100
1 Palau0 % 0 % 100
1 Palestine0 % 0 % 100
1 Papua New Guinea0 % 0 % 100
1 Philippines0 % 0 % 100
1 Qatar0 % 0 % 100
1 Saint Kitts and Nevis0 % 0 % 100
1 Saint Vincent and the Grenadines0 % 0 % 100
1 Samoa0 % 0 % 100
1 Saudi Arabia0 % 0 % 100
1 Singapore0 % 0 % 100
1 Solomon Islands0 % 0 % 100
1 Somalia0 % 0 % 100
1 Timor-Leste0 % 0 % 100
1 Tonga0 % 0 % 100
1 Trinidad and Tobago0 % 0 % 100
1 Turkmenistan0 % 0 % 100
1 Turks and Caicos Islands0 % 0 % 100
1 Tuvalu0 % 0 % 100
1 United Arab Emirates0 % 0 % 100
1 Vanuatu0 % 0 % 100
1 Wallis and Futuna0 % 0 % 100
1 Western Sahara0 % 0 % 100
1 Yemen0 % 0 % 100
67 Armenia5 % 5 % 89
67 Azerbaijan5 % 5 % 89
67 Bosnia and Herzegovina5 % 5 % 89
67 El Salvador5 % 5 % 89
67 Georgia5 % 5 % 89
67 Greece5 % 5 % 89
67 Guatemala5 % 5 % 89
67 Kenya5 % 5 % 89
67 Nepal5 % 5 % 89
67 Peru5 % 5 % 89
67 San Marino5 % 5 % 89
67 Sudan5 % 5 % 89
67 Uzbekistan5 % 5 % 89
67 Vietnam5 % 5 % 89
67 Zanzibar5 % 5 % 89
82 Burkina Faso6 % 6 % 87
82 Moldova6 % 6 % 87
82 Togo6 % 6 % 87
85 Argentina7 % 7 % 85
86 Albania8 % 8 % 83
86 Ghana8 % 8 % 83
86 Paraguay8 % 8 % 83
89 Fiji9 % 9 % 81
89 Ukraine9 % 9 % 81
91 Angola10 % 10 % 79
91 Benin10 % 10 % 79
91 Botswana10 % 10 % 79
91 Brazil10 % 10 % 79
91 Dominican Republic10 % 10 % 79
91 Egypt10 % 10 % 79
91 Equatorial Guinea10 % 10 % 79
91 Ethiopia10 % 10 % 79
91 Guinea10 % 10 % 79
91 Guinea-Bissau10 % 10 % 79
91 Haiti10 % 10 % 79
91 Honduras10 % 10 % 79
91 Indonesia10 % 10 % 79
91 Kosovo10 % 10 % 79
91 Kyrgyzstan10 % 10 % 79
91 Laos10 % 10 % 79
91 Lebanon10 % 10 % 79
91 Malawi10 % 10 % 79
91 Mali10 % 10 % 79
91 Mauritania10 % 10 % 79
91 Mexico10 % 10 % 79
91 Mongolia10 % 10 % 79
91 Namibia10 % 10 % 79
91 Nigeria10 % 10 % 79
91 North Macedonia10 % 10 % 79
91 SĂ£o TomĂ© and PrĂ­ncipe10 % 10 % 79
91 Senegal10 % 10 % 79
91 Sierra Leone10 % 10 % 79
91 Slovakia10 % 10 % 79
91 South Sudan10 % 10 % 79
91 Swaziland10 % 10 % 79
91 Syria10 % 10 % 79
91 Tahiti10 % 10 % 79
91 Tanzania10 % 10 % 79
91 Thailand10 % 10 % 79
91 Tunisia10 % 10 % 79
91 Turkey10 % 10 % 79
128 Ecuador12 % 12 % 75
128 Niger12 % 12 % 75
128 Tajikistan12 % 12 % 75
128 Uruguay12 % 12 % 75
132 Bolivia12.5 % 12.5 % 74
133 Belarus13 % 13 % 73
133 Russia13 % 13 % 73
135 Cambodia14 % 14 % 70
135 Sri Lanka14 % 14 % 70
137 Afghanistan15 % 15 % 68
137 Algeria15 % 15 % 68
137 Aruba15 % 15 % 68
137 Barbados15 % 15 % 68
137 Burundi15 % 15 % 68
137 Central African Republic15 % 15 % 68
137 Congo15 % 15 % 68
137 Cook Islands15 % 15 % 68
137 Costa Rica15 % 15 % 68
137 Czech Republic15 % 15 % 68
137 Dominica15 % 15 % 68
137 Gambia15 % 15 % 68
137 Grenada15 % 15 % 68
137 Hungary15 % 15 % 68
137 Iraq15 % 15 % 68
137 Ivory Coast15 % 15 % 68
137 Jamaica15 % 15 % 68
137 Kazakhstan15 % 15 % 68
137 Liberia15 % 15 % 68
137 Lithuania15 % 15 % 68
137 Luxembourg15 % 15 % 68
137 Montenegro15 % 15 % 68
137 Morocco15 % 15 % 68
137 Netherlands15 % 15 % 68
137 Nicaragua15 % 15 % 68
137 Pakistan15 % 15 % 68
137 Puerto Rico15 % 15 % 68
137 Rwanda15 % 15 % 68
137 Saint Lucia15 % 15 % 68
137 Serbia15 % 15 % 68
137 Seychelles15 % 15 % 68
137 Sint Maarten15 % 15 % 68
137 Uganda15 % 15 % 68
137 Zambia15 % 15 % 68
171 Romania16 % 16 % 66
172 Cameroon16.5 % 16.5 % 65
173 Poland19 % 19 % 60
173 Spain19 % 19 % 60
175 Curacao19.5 % 19.5 % 59
176 American Samoa20 % 20 % 58
176 Bangladesh20 % 20 % 58
176 Cape Verde20 % 20 % 58
176 Chad20 % 20 % 58
176 China20 % 20 % 58
176 Colombia20 % 20 % 58
176 Congo DR20 % 20 % 58
176 Guam20 % 20 % 58
176 India20 % 20 % 58
176 Japan20 % 20 % 58
176 Korea Republic20 % 20 % 58
176 Latvia20 % 20 % 58
176 Mozambique20 % 20 % 58
176 Northern Mariana Islands20 % 20 % 58
176 Panama20 % 20 % 58
176 South Africa20 % 20 % 58
176 U.S. Virgin Islands20 % 20 % 58
176 Zimbabwe20 % 20 % 58
194 New Caledonia21 % 21 % 56
195 Iceland22 % 22 % 54
196 Israel23 % 23 % 51
197 United States23.8 % 23.8 % 50
198 Gabon25 % 25 % 47
198 Ireland25 % 25 % 47
198 Lesotho25 % 25 % 47
198 Portugal25 % 25 % 47
198 Suriname25 % 25 % 47
203 Finland25.5 % 25.5 % 46
204 Italy26 % 26 % 45
205 Germany26.4 % 26.4 % 44
206 Austria27.5 % 27.5 % 42
206 Slovenia27.5 % 27.5 % 42
208 Chinese Taipei28 % 28 % 41
209 Australia30 % 30 % 37
209 Belgium30 % 30 % 37
209 France30 % 30 % 37
209 French Guiana30 % 30 % 37
209 Guadeloupe30 % 30 % 37
209 Martinique30 % 30 % 37
209 Mayotte30 % 30 % 37
209 RĂ©union30 % 30 % 37
209 Saint Pierre and Miquelon30 % 30 % 37
209 Saint-Martin30 % 30 % 37
209 Sweden30 % 30 % 37
220 New Zealand33 % 33 % 30
221 Venezuela34 % 34 % 28
222 Chile35 % 35 % 26
222 Switzerland35 % 35 % 26
224 Norway37.8 % 37.8 % 20
225 Canada39.3 % 39.3 % 17
225 United Kingdom39.4 % 39.4 % 17
227 Denmark42 % 42 % 11
227 Faroe Islands42 % 42 % 11
229 Greenland44 % 44 % 7

Rating generated: 17 June 2026.

How the Raw Value Is Calculated

The raw value is the tax rate on ordinary cash dividends from listed shares or funds received by a resident private individual in a normal taxable brokerage account. It is displayed as a percentage. Lower percentages receive higher scores.

Nomadino measures the personal dividend burden for resident investors. If a resident dividend withholding tax is a good proxy for the final burden, it is used directly. If dividends are taxed through income tax, special dividend rates, imputation systems, gross-up rules or tax credits, a maintained replacement value is mapped to the same standard case.

Foreign-investor withholding rates, double-tax-treaty rates, retirement accounts, special accounts, ISA/IRA-like wrappers, personal allowances, small dividend allowances, local special taxes, church tax and case-specific deductions are excluded.

Corporate income tax at company level, capital gains, interest, wealth taxes, financial-transaction taxes, real-estate or REIT special rules, business assets, holding regimes and substantial-shareholding rules are also excluded. This keeps the raw value limited to private dividend payments.

The main anchor is the public PwC overview of withholding-tax rates. Nomadino uses the resident dividend component where it fits the standard case. For countries where the table line shows withholding tax but not the final personal burden, national tax information, OECD boundary logic and maintained Nomadino values are used.

If a country has no broad dividend tax for this standard case, the raw value is set to 0%. Wealth taxation or deemed-return systems are not counted as dividend tax here, so the indicator is not mixed with capital-gains or wealth-tax indicators.

The score is calculated directly and proportionally from the visible percentage: 0% receives 100 points, while 45% or more receives 5 points. Between those anchors the score declines linearly and is rounded to whole points. This prevents a lower raw value from receiving a worse score than a higher raw value.