Double Taxation Agreement Uk Morocco
The CNSS applies to wages paid by employers. Both the employer and the employee are subject to CNSS contributions on the employees` salary. The level of workers` contributions can be up to 6.74 per cent and 21.09 per cent for employers. Some contributions are capped, others are not. CNSS contributions are deducted and paid monthly by the employer. Morocco has signed social security agreements with other countries/territories, mainly France, Belgium, the Netherlands, Spain, Sweden, Germany, Denmark, Tunisia, Canada and Portugal. 1. In the other Contracting State, nationals of a Contracting State may not be subject to any other taxation or obligation associated therein, or to a requirement which is different or more one-less one-sided than the taxation and related requirements to which nationals of that other State are or may be subject in the same circumstances. 2. If the objection appears to it to be justified and if it is unable to find an appropriate solution itself, the competent authority shall endeavour to resolve the matter by mutual agreement with the competent authority of the other Contracting State with a view to tax evasion which is not in conformity with the Agreement. 2. This Convention shall also apply to all identical or substantially similar fees levied by one of the States Parties after the date of signature of this Convention, in addition to or in place of existing fees.
The competent authorities of the States Parties shall inform each other of any changes to their respective tax legislation. (5) The term „dividends“ used in this section means income from shares, shares or rights of enjoyment, mining shares, founder shares or other rights other than debt claims, profit-making and income from other corporate rights treated as a distribution under the tax laws of the State in which the distributing company is established. Our specialized tax databases allow us to provide current and historical tax rates, comparative tables and country surveys. We have recent summaries of the most important facts, as well as detailed analyses of the tax system in countries around the world that cover corporate taxation, individual taxation, companies and investments. Morocco has concluded a series of double taxation treaties with other countries/territories in order to avoid double taxation and to allow cooperation between Morocco and foreign tax authorities in the application of their respective tax legislation. In principle, the provisions of double taxation conventions take precedence over national rules. Dividends paid by a UK company to a company established in Morocco are exempt from any tax levied on dividends in the UK. . . .