Morocco Approves Tax Treaty with Guinea-Bissau

On 19 August 2015, the Moroccan government approved for ratification the pending income tax treaty with Guinea-Bissau. The treaty, signed 28 May 2015, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Moroccan income tax and corporation tax, and the following Guinea-Bissau taxes:

• Tax on professional income;
• Tax on industrial income;
• Tax on income from movable capital;
• Tax on urban real property; and
• Tax on rural real property

Withholding Tax Rates

• Di…