Dividend tax · United States investor → Germany dividends

United States investor receiving Germany dividends: 15% withholding

If you're a United States resident receiving dividends from a Germany-domiciled company, the Germany tax authority withholds 15% at source under 1989 US-Germany Tax Treaty (as amended 2006 Protocol), Article 10 (Dividends). The statutory non-treaty ceiling is 26.375% — the bilateral treaty saves you 11.375 percentage points. Verified 2026-04-19.

Per $100 gross dividend

$85.00 net

$15.00 withheld at source

Treaty rate

15%

vs 26.375% statutory (saves 11.375pp)

Verification state

verified

last verified 2026-04-19

Treaty reference

1989 US-Germany Tax Treaty (as amended 2006 Protocol), Article 10 (Dividends)

15% on portfolio dividends. Germany's statutory 26.375% is reduced via refund claim (Erstattung) or at-source certification.

Source citation

IRS Publication 901 Table 1 (Germany row, Dividends column)

Treaty rates shown are typical statutory withholding rates for direct portfolio investment. Actual rates depend on holding period, ownership percentage, investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors. Consult a qualified tax professional for your specific situation.

United States resident tax treatment

U.S. persons taxed on worldwide dividend income; qualified dividends at 0/15/20%; ordinary dividends at ordinary rates; foreign tax credit may offset foreign withholding.

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Other investor countries receiving Germany dividends

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