Last updated 2026-06-27
Banco Santander (SAN)
Banco Santander (SAN, ISIN ES0113900J37) is a Financials company domiciled in Spain, which withholds 19.0% on dividends paid to non-residents. Investors resident in a tax-treaty country can reclaim the excess above their treaty rate (typically 15%) — up to 4.0 percentage points — by filing Modelo 210 with the Agencia Tributaria (AEAT).
Worked example
You receive EUR1,000 in Banco Santander dividends
Illustrative, using the typical 15% treaty rate. Your exact treaty rate depends on your country of residence — see the table below.
How much can you reclaim, by residence country?
Spain withholds 19.0% on Banco Santander dividends. Here's the reclaimable amount for investors resident in each country. Click a row for the full guide.
| Your residence | Treaty rate | Reclaimable | |
|---|---|---|---|
| 🇺🇸United States | 15% | 4.0% | |
| 🇬🇧United Kingdom | 15% | 4.0% | |
| 🇩🇪Germany | 15% | 4.0% | |
| 🇫🇷France | 15% | 4.0% | |
| 🇳🇱Netherlands | 15% | 4.0% | |
| 🇧🇪Belgium | 15% | 4.0% | |
| 🇨🇭Switzerland | 15% | 4.0% | |
| 🇮🇹Italy | 15% | 4.0% | |
| 🇸🇪Sweden | 15% | 4.0% | |
| 🇳🇴Norway | 15% | 4.0% | |
| 🇩🇰Denmark | 15% | 4.0% | |
| 🇫🇮Finland | 15% | 4.0% | |
| 🇦🇹Austria | 15% | 4.0% | |
| 🇵🇹Portugal | 15% | 4.0% | |
| 🇮🇪Ireland | 15% | 4.0% | |
| 🇵🇱Poland | 15% | 4.0% | |
| 🇱🇺Luxembourg | 15% | 4.0% | |
| 🇦🇺Australia | 15% | 4.0% | |
| 🇨🇦Canada | 15% | 4.0% | |
| 🇸🇬Singapore | 15% | 4.0% | |
| 🇯🇵Japan | 15% | 4.0% |
Which form do you file?
To reclaim Spain withholding tax on Banco Santander dividends, you file Modelo 210 with the Agencia Tributaria (AEAT) (deadline: 4 years). See the full Spain reclaim guide.
Frequently asked questions
How much withholding tax is deducted from Banco Santander dividends?
Spain withholds 19.0% at source on Banco Santander (SAN) dividends paid to non-resident investors.
How much Banco Santander withholding tax can I reclaim?
If you live in a country with a Spain tax treaty, you can usually reclaim down to a 15% treaty rate — about 4.0 percentage points of each dividend. Your exact figure depends on your country of residence (see the table above).
Which form do I file to reclaim Banco Santander withholding tax?
Modelo 210 — filed with the Agencia Tributaria (AEAT). The deadline is 4 years.
What is the ISIN for Banco Santander?
Banco Santander trades under ticker SAN with ISIN ES0113900J37, listed in Spain.
Own Banco Santander? Calculate your reclaim
Tax Reclaim works out exactly how much Spain withholding tax you can recover and generates the filing-ready form.
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