Italian Dividend Tax Reclaim Calculator for Australian Investors
Find out how much Italian withholding tax you may be able to reclaim — and what you can claim on your Australian tax return.
Holding shares in another country? Use the dividend withholding tax checker.
Your dividends
Standard Italian rate: 26%. Treaty rate for Australian residents: 15%.
Enter each Italian dividend from your broker statement, in the currency shown on it. Enter only the tax paid to Italy. If your statement shows combined withholding, for example Dutch and Italian together, enter the Italian part only. The amounts you enter stay in your browser.
Your result
Enter a gross dividend and the tax paid to Italy above to see your figures.
You may be able to reclaim from Italy
0.00
From Italy, on Form A
- Tax paid in Italy
- 0.00
- Less: tax due under the treaty
- 0.00
- Reclaim from Italy on Form A
- 0.00
- Past the 48-month deadline
- 0.00
- Still claimable
- 0.00
Payments past the deadline may no longer be claimable. This tool doesn't show how that affects your offset, so check with the ATO or a registered tax agent.
On your Australian return
- Declare as income (gross)
- 0.00
- FITO you can claim, capped at treaty-rate tax
- 0.00
An estimate. Your offset can also depend on your other circumstances. Your return needs amounts in Australian dollars.
Was this result helpful?
Covers the ATO certificate, Form A line by line, and the amendment step.
Next steps
- Check your Australian tax returns are lodged for the years you're claiming. The ATO certifies residency only for lodged years.
- Ask the ATO to certify your Form A using form NAT 75441. Most individuals post it, because online lodgment is only available to people with an ABN or WPN.
- Complete Form A with the figures from the table above.
- Send the certified Form A and your supporting documents to the Agenzia delle Entrate's Pescara office within 48 months.
- When the refund arrives, amend the Australian return for the year you claimed the offset.
Worked example
Italy pays you a 100.00 dividend and withholds 26.00, the standard 26% rate, so you receive 74.00. Australia's treaty with Italy caps the tax at 15%, so 15.00 is the tax you actually owe.
From Italy, on Form A
- Tax paid in Italy
- 26.00
- Less: tax due under the treaty (15%)
- 15.00
- Reclaim from Italy
- 11.00
On your Australian return
- Declare as income (gross)
- 100.00
- FITO you can claim
- 15.00
The 11.00 you reclaim from Italy is the amount you can't also claim as an offset. If you claimed FITO on the full 26.00, amend that year's return once the refund arrives.
Questions
Who is this calculator for?
Australian tax residents who received dividends from Italian companies and had Italian tax withheld. It gives a general estimate, not personal tax advice.
Why wasn't the treaty rate applied to my dividend already?
For most non-US shares, the company or its paying agent withholds the tax, not your broker, so your broker usually can't apply the treaty rate for you. Unless relief was arranged before the dividend was paid, Italy withholds at the standard rate and you claim the difference back afterwards. US shares work differently: a W-8BEN on file with your broker lets them apply the treaty rate.
I hold Ferrari N.V. shares. Does this apply?
It may. In the guide's own Ferrari case, Dutch and Italian tax were withheld together. Check your dividend statement for the Italian portion and enter only that part in the calculator. Whether your holding is affected depends on your statement, not just the company name.
Is there a deadline for claiming?
Italy's instructions for Form A say a refund claim must be sent within 48 months of the date the tax was withheld. The calculator counts from your payment date, which can differ slightly, so confirm against the current instructions from the Agenzia delle Entrate.
Does the calculator cover other countries?
Not yet. This calculator covers Italy only, because it is the claim the guide's author has worked through. For the standard and treaty rates in other countries, use the checker. Each country has different forms and deadlines, and playbooks are being added.
Is this tax advice?
No. It is general information and an estimate. Your actual offset and refund depend on your circumstances. For advice on your situation, speak to a registered tax agent.
Covers the ATO certificate, Form A line by line, and the amendment step.
Sources
- Agenzia delle Entrate: instructions for filling in Forms A, B, C and D
- Agenzia delle Entrate: Form A (dividends)
- ATO: certificate of residency
Check the rates above against these sources before relying on them.