Equities - Double Taxation Treaties concluded by Italy and currently in force

24.03.2022

Note: Clearstream Banking provides an annual update of 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.

The standard rate of withholding tax on dividends is 26% before any refund.

There is currently no prescribed form for tax refund available for use.

CountryRate prescribed
by the DTT -
Dividends (%)		Tax refund
available (%)

Albania

10

16

Algeria

15

11

Argentina

15

11

Armenia

10

16

Australia

15

11

Austria

15

11

Azerbaijan

10

16

Bangladesh

15

11

Barbados 1511

Belarus

15

11

Belgium

15

11

Bosnia and Herzegovina

10

16

Brazil

15

11

Bulgaria

10

16

Canada

15

11

Chile

10

16

China

10

16

Colombia

15

11

Congo

15

11

Croatia

15

11

Cyprus

15

11

Czechoslovakia a

15

11

Denmark

15

11

Ecuador

15

11

Egypt

-c-

Estonia

15

11

Ethiopia

10

16

Finland

15

11

France

15

11

Georgia

10

16

Germany

15

11

Ghana

15

11

Greece

15

11

Hong Kong

10

16

Hungary

10

16

Iceland

15

11

India

25

1

Indonesia

15

11

Ireland

15

11

Israel

15

11

Ivory Coast

15

11

Jamaica

10

16

Japan

15

11

Jordan

10

16

Kazakhstan

15

11

Kyrgyzstan

15

11

Kuwait

-c-

Latvia

15

11

Lebanon

15

11

Lithuania

15

11

Luxembourg

15

11

Malaysia

10

16

Malta

15

11

Mauritius

15

11

Mexico

15

11

Republic of Moldova

15

11

Mongolia

15

11

Montenegro

10

16

Morocco

15

11

Mozambique

15

11

Netherlands

15

11

New Zealand

15

11

North Macedonia

15

11

Norway

15

11

Oman

10

16

Panama1016

Pakistan

25

1

Philippines

15

11

Poland

10

16

Portugal

15

11

Qatar

15

11

Romania

10

16

Russia

10

16

San Marino

15

11

Saudi Arabia

10

16

Senegal

15

11

Serbia

10

16

Singapore

10

16

Slovak Republic

15

11

Slovenia

15

11

South Africa

15

11

South Korea

15

11

Spain

15

11

Sri Lanka

15

11

Sweden

15

11

Switzerland

15

11

Syria

10

16

Tajikistan

15

11

Tanzania

10

16

Thailand

20

6

Trinidad and Tobago

20

6

Tunisia

15

11

Turkey

15

11

Turkmenistan

15

11

Uganda1511

Ukraine

15

11

United Arab Emirates

15

11

United Kingdom

15

11

U.S.A.

15

11

USSR b

15

11

Uzbekistan

10

16

Venezuela

10

16

Vietnam

15

11

Zambia

15

11

a. Italy honours the Czechslovakia treaty with respect to the Czech Republic and Slovakia.
b. The treaty with the former USSR still applies to Belarus.

c. The domestic rate applies; as there is no reduction applicable under the treaty

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