On 14 April 2015, officials from Morocco and Saudi Arabia signed an income tax treaty. The treaty is the first of its kind between the two countries.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital, otherwise 10%
- Interest - 10%
- Royalties - 10%
Entry into Force and Effect
The treaty will enter into force on the first day of the second month following the exchange of the ratification instruments, and…