Countries with Low Dividend Tax 2026
Jurisdictions that do tax personal dividend income, but at a top rate of 15% or less, sorted from the lowest rate. Countries with no dividend tax have their own list; these are the low-rate options, with interest tax, capital gains tax and the corporate rate alongside.
13 countries in this list
Short answer: Tax Atlas tracks 13 of 53 jurisdictions that meet this list's criteria: Cyprus, Bulgaria, Georgia, Greece, Paraguay, Dominican Republic, Mexico, Panama and 5 more. The key figures for each are in the table below.
How This List Works
This page is generated from the TaxAtlas dataset. Rankings use the personal and business scores plus the underlying tax data (rates, foreign income treatment, and key notes). Always verify details using the sources listed on each country page.
Cyprus
EuropeBulgaria
EuropeGeorgia
EuropeGreece
EuropeParaguay
South AmericaDominican Republic
CaribbeanMexico
North AmericaPanama
South AmericaPhilippines
AsiaThailand
AsiaUruguay
South AmericaCosta Rica
North AmericaHungary
EuropeKey figures at a glance
The figures this list is built on, for every country in it. WHT is the standard withholding tax a company pays on outbound payments to non-residents, before any treaty reduction.
| Country | Dividend tax | Interest tax | Capital gains | Corporate tax | WHT dividends |
|---|---|---|---|---|---|
| CyprusEurope | 0-5% | 0-17% | 20% | 15% | 0% |
| BulgariaEurope | 5% | 10% | 10% | 10% | 5% |
| GeorgiaEurope | 5% | 0% | 0% | 15% | 5% |
| GreeceEurope | 5% | 15% | 15% | 22% | 5% |
| ParaguaySouth America | 5% | 10% | 10% | 10% | 5% |
| Dominican RepublicCaribbean | 10% final | 10% final | 27% | 27% | 10% |
| MexicoNorth America | 10% | 0-35% | 35% | 30% | 10% |
| PanamaSouth America | 10% | 0-25% | 10% | 25% | 10% |
| PhilippinesAsia | 10% | 20% | 0-15% | 25% | 0-15% |
| ThailandAsia | 10% | 15% | 0% | 20% | 10% |
| UruguaySouth America | 12% | 12% | 0-12% | 25% | 7% |
| Costa RicaNorth America | 0-15% | 0% | 0-15% | 30% | 0-15% |
| HungaryEurope | 15% | 15% | 15% | 9% | 0% |
Figures come from each country profile in the Tax Atlas dataset; each country page lists its sources and last-updated date. Rates are headline rates for residents; special regimes, treaty rates and local taxes can change the result. Not tax advice: verify with a qualified adviser.
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FAQ
Which countries have the lowest dividend tax?
Leaving out the jurisdictions with no dividend tax at all, 13 of the 53 jurisdictions Tax Atlas tracks tax personal dividends at a top rate of 15% or less: Cyprus (0-5%), Bulgaria (5%), Georgia (5%), Greece (5%), Paraguay (5%), Dominican Republic (10% final), Mexico (10%), Panama (10%), Philippines (10%), Thailand (10%), Uruguay (12%), Costa Rica (0-15%), Hungary (15%). The full ranking is in the key figures table.
Why do some rates start at 0%?
In Cyprus, Costa Rica the rate is a range: some dividends are exempt or taxed at a lower rate, for example below a threshold or from certain companies, and others are taxed up to the top rate shown. Each country page explains which dividends are taxed.
What does a final dividend tax mean?
In Dominican Republic the dividend rate is recorded as final: tax withheld at that rate settles the liability, so the dividend is not added to other income and taxed again at the higher progressive rates. Conditions apply; check the country page.
Which European countries have low dividend tax?
In Europe, Cyprus (0-5%), Bulgaria (5%), Georgia (5%), Greece (5%), Hungary (15%) tax personal dividends at 15% or less in the dataset. Company profits are usually taxed before distribution, so compare the corporate rate too, and verify your own position with a qualified adviser.
How are these lists ranked?
Lists are generated from the country dataset using the criteria described on each country page (rates, foreign income treatment, and practical notes). Always confirm details with official sources.
Are these countries “tax free” for everyone?
Not necessarily. Residency rules, source rules, and special regimes vary by person. Use these lists as a starting point and verify your situation with local professionals.
How often is this updated?
We monitor listed sources periodically and update entries when changes are confirmed. Country pages show their last-updated date and citations.
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