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What is the interest withholding rate between Norway and Philippines?
Under the Norway-Philippines tax treaty, the withholding rate on interest is 10%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 10% rate compares to a median of 6% across Norway's 40 active treaty partners, and 10% across Philippines's 28 active partners.
Network Comparison
Norway
Rank 33 of 40 active treaties (lowest rate = #1)
Lower rates with: South Korea (10%), Mexico (10%), New Zealand (10%)
Higher rates with: Pakistan (10%), Portugal (10%), Romania (10%)
Philippines
Rank 13 of 28 active treaties (lowest rate = #1)
Lower rates with: Japan (10%), South Korea (10%), Netherlands (10%)
Higher rates with: Sweden (10%), Turkey (10%), Australia (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.