Singapore-Morocco Avoidance of Double Taxation Agreement Comes into Force
1. The Singapore-Morocco avoidance of double taxation agreement (DTA) entered into force on 15 January 2014.
2. The 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, the 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 and interest.
3. The full text of the DTA is available on the Inland Revenue of Singapore’s (IRAS) website.
Ministry of Finance
15 January 2014