The Department of Finance has announced that a tax treaty between Canada and the Republic of Namibia for the avoidance of double taxation and the prevention of fiscal evasion was signed on March 25, 2010, in Windhoek.
The treaty limits the rate of withholding tax to 5% for dividends between affiliated companies and 15% for dividends in all other cases, and 10% for interest and royalties.
The treaty will enter into force once both countries have taken the necessary ratification measures and have notified each other of such ratification.
The full text of the treaty can be found on the Department of finance website.
This treaty is NOT in full force yet.