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What is the interest withholding rate between Australia and Philippines?
Under the Australia-Philippines tax treaty, the withholding rate on interest is 15%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 15% rate compares to a median of 10% across Australia's 48 active treaty partners, and 10% across Philippines's 28 active partners.
Network Comparison
Australia
Rank 48 of 48 active treaties (lowest rate = #1)
Lower rates with: India (15%), South Korea (15%), Malaysia (15%)
Philippines
Rank 16 of 28 active treaties (lowest rate = #1)
Lower rates with: Norway (10%), Sweden (10%), Turkey (10%)
Higher rates with: Brazil (15%), Canada (15%), France (15%)
Important: Treaty rates require proper claim forms (e.g., IRS Form W-8BEN for U.S. treaties, HMRC DT-Individual for U.K. treaties, CRA Form NR301 for Canadian treaties) filed before payment. Limitation on Benefits (LOB) provisions may restrict eligibility. A 0% withholding rate does not mean no tax — the residence country may still tax the income. This is not tax advice.