On 19 May 2020, the Japanese House of Representatives (lower house of parliament) approved the pending income tax treaty with Morocco. The treaty was signed on 8 January 2020.
Under the treaty, dividends are taxable at a rate of 5% if the beneficial owner is a company that owns at least 10% of the voting power (if the payor is a resident of Japan) or the capital or voting power (if the payor is a resident of Morocco), a 10% rate applies in other cases.
Interest is taxable at a top rate of …