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Morocco Dividends 2026: Withholding Tax 11.25% — Complete Guide

Complete guide to dividend withholding tax applicable in Morocco for 2026, profoundly impacted by LF 2023 and LF 2025 reforms.

Standard Withholding Tax Rate 2026

11.25%
2026 Withholding Tax Rate

The LF 2025 specified that this rate applies to all amounts distributed from this date, regardless of the profit origin year. The final target rate of 10% will apply from January 1, 2027.

Treatment of Residents

Individuals

Rate: 11.25%. Generally liberatory of Income Tax (IR).

Companies

Exemption from withholding tax. 100% deduction with IF certificate.

Summary Table — 2026 Rates

BeneficiaryStatusRate
IndividualResident11.25%
CompanyResident0%
Non-ResidentForeign11.25%
ZAI/CFC - NRForeign0%

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FAQ

Frequently asked questions

Answers written by our OPCA chartered accountant.

What is the dividend withholding tax rate in Morocco in 2026?

The withholding tax on dividends in Morocco is progressively reduced to reach 11.25% in 2026 for non-exempt beneficiaries. Resident individuals may benefit from an exemption under the mother-daughter regime conditions.

Are dividends taxed at the company or shareholder level in Morocco?

Dividends are subject to withholding tax at source, which can be credited under the mother-daughter regime. For resident individuals, dividends are exempt under specific conditions, avoiding double taxation.

Mostafa Tahmouni
Article written by

Mostafa Tahmouni

Founder & OPCA Certified Accountant & 20+ years of expertise

OPCA Certified Accountant and founder of Accounting Services Tangier. Since 2006, he has supported more than 500 Moroccan and international companies in accounting, tax and company formation.

OPCA Certified Accountant20 years of expertise · OPCA certified firm
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