# US ETF Dividend Withholding Tax by Country

> The US withholds 30% of ETF dividends paid abroad. Treaty rates for 65 countries from the IRS, and US estate tax for non-residents.

Data as of Oct 30, 2026. Rebuilt every trading night.

## US ETFs for holders outside the US: withholding, treaties and estate tax

As of Oct 30, 2026, the IRS lists 53 treaty countries whose rate on US dividends is 10% to 25%. With no treaty, the US withholds 30% of dividends paid to holders outside the US.

### Dividend withholding

A US fund pays its dividends after US tax is withheld. With no treaty the rate is 30% ( IRS Publication 515 ). A tax treaty can set a lower rate for residents of that country. The IRS lists each treaty's rate in Tax Treaty Table 1 (revised May 2023). The treaties with Hungary and Russia no longer reduce it ( Publication 515 ).

### Treaty rates by country

| Country | Portfolio rate | Direct rate |
| --- | --- | --- |
| Armenia | 30% | 30% |
| Australia | 15% | 5% |
| Austria | 15% | 5% |
| Azerbaijan | 30% | 30% |
| Bangladesh | 15% | 10% |
| Barbados | 15% | 5% |
| Belarus | 30% | 30% |
| Belgium | 15% | 5% |
| Bulgaria | 10% | 5% |
| Canada | 15% | 5% |
| Chile | 15% | 15% |
| China, People's Rep of | 10% | 10% |
| Cyprus | 15% | 5% |
| Czech Republic | 15% | 5% |
| Denmark | 15% | 5% |
| Egypt | 15% | 5% |
| Estonia | 15% | 5% |
| Finland | 15% | 5% |
| France | 15% | 5% |
| Georgia | 30% | 30% |
| Germany | 15% | 5% |
| Greece | 30% | 30% |
| Iceland | 15% | 5% |
| India | 25% | 15% |
| Indonesia | 15% | 10% |
| Ireland | 15% | 5% |
| Israel | 25% | 12.5% |
| Italy | 15% | 5% |
| Jamaica | 15% | 10% |
| Japan | 10% | 5% |
| Kazakhstan | 15% | 5% |
| Korea, South | 15% | 10% |
| Kyrgyzstan | 30% | 30% |
| Latvia | 15% | 5% |
| Lithuania | 15% | 5% |
| Luxembourg | 15% | 5% |
| Malta | 15% | 5% |
| Mexico | 10% | 5% |
| Moldova | 30% | 30% |
| Morocco | 15% | 10% |
| Netherlands | 15% | 5% |
| New Zealand | 15% | 5% |
| Norway | 15% | 15% |
| Pakistan | 30% | 15% |
| Philippines | 25% | 20% |
| Poland | 15% | 5% |
| Portugal | 15% | 5% |
| Romania | 10% | 10% |
| Slovak Republic | 15% | 5% |
| Slovenia | 15% | 5% |
| South Africa | 15% | 5% |
| Spain | 15% | 5% |
| Sri Lanka | 15% | 15% |
| Sweden | 15% | 5% |
| Switzerland | 15% | 5% |
| Tajikistan | 30% | 30% |
| Thailand | 15% | 10% |
| Trinidad & Tobago | 30% | 30% |
| Tunisia | 20% | 14% |
| Turkey | 20% | 15% |
| Turkmenistan | 30% | 30% |
| Ukraine | 15% | 5% |
| United Kingdom | 15% | 5% |
| Uzbekistan | 30% | 30% |
| Venezuela | 15% | 5% |

### Interest-related and short-term gain dividends

A US fund may label part of its dividends as interest-related or short-term capital gain dividends. Certain of those parts are exempt from this withholding ( IRS Publication 515 ).

### US estate tax

Stock of US corporations counts as US property for the estate of a person who is neither a US citizen nor a US resident. Such an estate files a US estate tax return when its US property is over $60,000 ( IRS, Instructions for Form 706-NA , read Oct 30, 2026). An estate tax treaty can change this.

### Distributing or accumulating

US ETFs are distributing funds: a fund taxed as a regulated investment company pays out at least 90% of its taxable income each year ( 26 U.S.C. 852 ).

### Where to next

Facts as the IRS publishes them, with the date each was read. Not tax advice.

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, US ETFs for holders outside the US: withholding, treaties and estate tax, data as of Oct 30, 2026. https://etfiq.com/learn/non-us-holders
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/learn/non-us-holders