Double Taxation Avoidance Convention (Kingdom of Morocco) Regulations 2015
On 25 November 2015, Mauritius and Morocco signed a Double Taxation Avoidance Agreement (DTAA).
The salient features regarding the DTAA are as follows:
- Dividends: 8% or 10%
- Royalties: 10%
- Interest: 10%
Capital gains are taxed at the place of residence of the alienator.
The DTAA aims at strengthening economic ties between the two countries mainly in the tourism industry whereby the Ambassador expressly his interest to welcome more Mauritian hotel operators to develop projects in Morocco. Additionally, both Mauritius and Morocco expect that this DTAA will foster closer economic cooperation between Mauritius and African regions. The Ambassador Mohammed Amar also announced the opening of an Embassy of the Kingdom of Morocco in Mauritius and the possibility of the exemption of entry visas for Mauritian citizens travelling to Morocco.
For more information, click here: GN No.244 of 2015