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% Interest - 10% Royalties - 10% The treaty will enter into force after the ratification instruments are exchanged.