How regional withholding tax rates are minimized in 2024

Holding Company Hong Kong Singapore Cyprus
Thailand
Dividend 10% 10% 10%
Royalties 15% 15% 15%
Interest 5% 15% 5%
Taiwan
Dividend 20% 20% 20%
Royalties 20% 15% 20%
Interest 20% 20% 20%
Australia
Dividend 30% 15% 30%
Royalties 30% 10% 30%
Interest 10% 10% 10%
New Zealand
Dividend 0 5% 30%
Royalties 5% 5% 15%
Interest 10% 10% 15%
Philippines
Dividend 30% 15% 30%
Royalties 30% 25% 30%
Interest 20% 15% 20%
Indonesia
Dividend 5% 10% 20%
Royalties 5% 15% 20%
Interest 10% 10% 20%
Malaysia
Dividend 0 0 0
Royalties 10% 5% 10%
Interest 15% 10% 15%
Japan
Dividend 5% 5% 20%
Royalties 5% 10% 20%
Interest 10% 10% 20%
Korea
Dividend 20% 10% 20%
Royalties 20% 15% 20%
Interest 20% 10% 20%
Singapore
Dividend 0 0 0
Royalties 10% 0 10%
Interest 15% 0 10%
Hong Kong
Dividend 0 0 0
Royalties 0 5% 5%
Interest 0 0 0
Malta (holding)
Dividend 0 0 0
Royalties 5% 10% 10%
Interest 0 10% 0
Cyprus (holding)
Dividend 0 0 0
Royalties 5% 10% 0
Interest 0 10% 0

Contact us

For additional information on our minimizing withholding tax rates services, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon