On February 20, 2014 the Mali-Morocco treaty was signed in Bamako. Both countries use the credit method to eliminate double taxation. The treaty provides that dividends will be subject to a maximum withholding tax rate of 5% if the beneficial owner is a company other than a partnership that directly holds at least 25% of the capital of the payer company. A maximum 10% rate will apply in other cases. Interest and royalty payments will be subject to a maximum rate of 10%.