Dividend tax · United States investor → Japan dividends
United States investor receiving Japan dividends: 10% withholding
If you're a United States resident receiving dividends from a Japan-domiciled company, the Japan tax authority withholds 10% at source under 2003 US-Japan Tax Treaty (as amended 2013 Protocol), Article 10. The statutory non-treaty ceiling is 20.42% — the bilateral treaty saves you 10.420000000000002 percentage points. Verified 2026-04-19.
Per $100 gross dividend
$90.00 net
$10.00 withheld at source
Treaty rate
10%
vs 20.42% statutory (saves 10.420000000000002pp)
Verification state
verified
last verified 2026-04-19
Treaty reference
2003 US-Japan Tax Treaty (as amended 2013 Protocol), Article 10
10% on portfolio dividends; 0% for pension funds under Article 10(3).
Source citation
IRS Publication 901 Table 1 (Japan 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.