The treaty was signed on 11 October 2017 and entered into force on 8 February 2021. This treaty is the first of its kind between the two countries and both countries will apply the credit method for the elimination of double taxation.
Here are some highlights of the treaty:
The treaty will apply as of 1 January 2022.
The treaty covers:
Morocco: Income Tax
Zambia: Income Tax
Withholding Tax Rates
Technical Fees 10%