On 28 August 2014, the Estonian government approved for ratification the 2013 income tax treaty with Morocco. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Estonian income tax, and Moroccan income tax and corporation tax. Withholding Tax Rates Dividends - 6% when the beneficial owner is a company directly holding at least 25% of the paying company's capital, otherwise 10% Interest - 10% Royalties (including technical assistance) - 10% Double Taxation Relief Morocco applies the credit method for the elimination of double taxation, while Estonia generally applies the exemption method. However,...