🇦🇺↔🇸🇦
What is the interest withholding rate between Australia and Saudi Arabia?
Under the Australia-Saudi Arabia tax treaty, the withholding rate on interest is 5%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 5% rate compares to a median of 10% across Australia's 48 active treaty partners, and 5% across Saudi Arabia's 23 active partners.
Network Comparison
Australia
Rank 4 of 48 active treaties (lowest rate = #1)
Lower rates with: United Arab Emirates (0%), Hong Kong (0%), Chile (5%)
Higher rates with: Austria (10%), Belgium (10%), Canada (10%)
Saudi Arabia
Rank 4 of 23 active treaties (lowest rate = #1)
Lower rates with: United Arab Emirates (0%), Austria (0%), France (0%)
Higher rates with: Switzerland (5%), China (5%), Germany (5%)
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.