The tax treaty between Morocco and Guinea was approved for ratification on 12 June 2014 and 23 May 2014 by the respective countries. The treaty is the first of its kind between the two countries and includes the following withholding rates.

Withholding Tax Rates

• Dividends - 5% if the beneficial is a company directly holding at least 30% of the paying company's capital, otherwise 10%
• Interes…