New Double Taxation Agreement between Singapore and Morocco


It is reported in the IRAS’ website that Singapore has entered into a Double Taxation Agreement (“DTA“) with Morocco that has come into force on 15 January 2014 and will be effective from 1 January 2015.  

This DTA will facilitate trade and investment flows between Singapore and Morocco by providing greater clarity on taxing rights and minimising the scope of double taxation between the two countries. Amongst other provisions, this DTA provides for tax exemption in the country of source on profits derived from the operations of ships or aircraft in international traffic and lower withholding tax rates for dividends (8% / 10%) and interest (10%).

If you have any questions regarding the above, please contact me at jack.wong@whm-consulting.com.

Be Well!
Jack:)

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