Moroccan Fruit and Vegetable Industry Pushes for VAT Exemption to Boost Competitiveness
14 November 2020
In Morocco, the VAT on fruits and vegetables is between 7% and 8%. It also penalizes the competitiveness of the sector against competition.
Economy
Morocco to Raise Alcohol Taxes, Driving Up Prices in 2024
14 November 2020
Alcohol will cost more next year in Morocco. This price increase follows the increase in the tax on alcoholic beverages provided for in the draft finance law.
Royal Air Maroc Pilots Await Court Decision on November 25
14 November 2020
The pilots of Royal Air Maroc, gathered within the Moroccan Association of Airline Pilots (AMPL), will be informed of their fate on November 25 next, in the case that opposes (…)
Morocco Unveils Tax Amnesty Plan to Ease Economic Strain Amid Pandemic
14 November 2020
An amendment has been introduced in the 2021 Finance Bill to cancel penalties and surcharges on taxes prior to January 1 and unpaid as of December 31, 2020. This amnesty is (…)
TUI Fly Resumes Limited Morocco-Europe Routes After 7-Month COVID Pause
14 November 2020
The airline Tui Fly wants to resume its flights from Morocco to France and Belgium, after 7 months of interruption due to the health crisis caused by the coronavirus. This (…)
Morocco’s GDP Forecast: Return to Pre-Pandemic Levels Expected by 2022
14 November 2020
The strict lockdown applied by Morocco due to the crisis caused by the coronavirus has dealt a heavy blow to its Gross Domestic Product. According to a report by Attijari (…)
Morocco Shifts from Potato Exporter to Importer, Signaling Agricultural Trade Reversal
13 November 2020
Morocco finds itself in a situation of net importer of agricultural products, while it was one of the major exporters. The Kingdom has thus opened the door to the European (…)
Renault Revives Express: Two New Models to Roll Out from Tangier Plant
13 November 2020
Two new Renault models will be produced at the Tangier plant. These are the new Express and the New Express Van, both derived from the legendary Renault Express of the 1980s (…)
Morocco Unveils $1 Billion Plan for Africa’s Largest Desalination Plant in Casablanca
13 November 2020
The details are taking shape for the realization of the largest seawater desalination plant in Casablanca. This is at least the assurance given by the Minister of Equipment, (…)
Morocco’s Bank Lending Rates Drop to 4.30%, Lowest in Years
12 November 2020
Interest rates in Morocco have fallen further in the third quarter of this year, reaching 4.30%, according to the Bank Al-Maghrib survey. The rates have fallen by 0.79 (…)