Canada - Namibia Tax Treaty

Once in effect, the tax treaty between Canada and Namibia signed 25 March 2010 provides for a 5% withholding tax on dividends paid to a company (other than a partnership) that holds directly at least 25% of the share capital (of a Namibian payer company) or voting power (where the payer is a Canadian company); otherwise, the tax rate will be 15%. Interest and royalties will be subject to a 10% tax rate.