Back to blogTaxation
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
| Beneficiary | Status | Rate |
|---|---|---|
| Individual | Resident | 11.25% |
| Company | Resident | 0% |
| Non-Resident | Foreign | 11.25% |
| ZAI/CFC - NR | Foreign | 0% |