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Dividend tax · United States investor → Spain dividends

United States investor receiving Spain dividends: 15% withholding

If you're a United States resident receiving dividends from a Spain-domiciled company, US-Spain Tax Treaty (as amended by 2013 Protocol), Article 10 (Dividends) caps the Spain tax at 15%, against a non-treaty rate of 19%. How you get the lower rate depends on Spain and your broker: some countries apply it at source once the relief paperwork is filed, others withhold the full 19% first and refund the difference on a reclaim. Verified 2026-04-19.

Per $100 gross dividend
$85.00 net
$15.00 tax after treaty relief
Treaty rate
15%
vs 19% statutory (saves 4pp)
Verification state
verified
last verified 2026-04-19

Treaty reference

US-Spain Tax Treaty (as amended by 2013 Protocol), Article 10 (Dividends)

15% on portfolio dividends under the amended treaty; 0% may apply to qualified pensions.

Source citation

US-Spain Tax Treaty (as amended by 2013 Protocol), Article 10 (Dividends): the Article 10 cap on portfolio dividends applies to dividends paid by a company resident in either country, so the same 15% limits Spain's tax on dividends paid to U.S. residents. Cross-check: IRS Publication 901 Table 1 (Spain row, Dividends column) lists the same rate for the U.S. side.

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.

Other payer countries for United States investors

See all payer countries for United States investors →

Other investor countries receiving Spain dividends

Educational summary. NOT tax advice. Tax rules change and interact with personal circumstances (account type, residency, domicile, double-tax treaty provisions). For your specific situation, consult a qualified tax professional in your country of residence.

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