@lawinvest Withholding tax Germany 25% then another 15% Japanese withholding tax on top of that - with a dividend yield of 2%, there is not much left over from the distribution @Nightlights
@Smudeo However, @lawinvest is right here. Japanese withholding tax, like US withholding tax, is automatically creditable. So nothing needs to be applied for here. Incidentally, whether a country is interesting for dividends does not depend on the amount of tax, but on whether the country has a good diplomatic relationship with Germany. The US with 30% tax is more interesting than many countries with only 20% tax if this cannot be credited via DTAs.
