On 4 May 2017, the Moroccan Council of Ministers approved the pending income tax treaty with Madagascar. The treaty, signed 18 November 2016, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Malagasy tax on income, synthetic tax, direct tax on hydrocarbons, tax on salaries and assimilated income, tax on income from movable assets, and tax on gains from immovable property. It covers Moroccan income tax and corporation tax.
Service PE
The treaty includes…