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TAXES ON DIVIDENDS IN EUROPE
The map shows the maximum dividend tax rates in OECD countries.✅ The highest taxes:
Among European OECD countries, the highest tax rate on dividends is recorded in:
? Ireland – 51%.
? Denmark – 42%
? UK – 39.4%
✅ The lowest taxes:
? Greece – 5 %
? Slovakia – 7%
❗️Estonia and Latvia are the only European countries that do not impose tax on dividends. When an enterprise distributes profits to shareholders, a corporate income tax of 20% is applied (and paid by the company).
☝️The non-resident is required to declare the dividends paid in the country of a tax residence and pay tax at the rate applicable there.
? The fiscal burden can be eased if there is an agreement on the avoidance of double taxation between countries.
