Morocco Aims to Reduce Public Wage Bill in 2020 Budget Plan
23 October 2019
The Government intends to have strict control over personnel expenses in 2020. This is at least what is planned in the 2020 Finance Bill (PLF).
Economy
Morocco’s Central Bank Destroys 310 Million Banknotes Amid Currency Circulation Shift
23 October 2019
The volume of issuance by Bank Al-Maghrib in 2018 far exceeds that of the destruction of banknotes in 2017, according to the Central Bank’s Report on Financial Market (…)
Morocco Overhauls Tax System to Align with EU Standards, Raises Corporate Rates
23 October 2019
The 2020 Finance Bill addresses the Corporate Income Tax (CIT) at great length. Its concern is to comply with the requirements of the European Union (EU) by starting to apply a (…)
Morocco’s Exports Surge 10.6%, Boosting Global Market Share and Product Diversity
23 October 2019
Moroccan exports recorded a 10.6% increase last year, compared to 10.3% in 2017, which indicates an average annual increase of 4.3% over the 2008-2014 period. This performance, (…)
Morocco Proposes Corporate Tax Cut for Industrial Firms in 2020 Budget
22 October 2019
In the coming months, a reduction in the marginal Corporate Income Tax (CIT) rate, from 31% to 28%, for industrial companies on their domestic turnover, could be applied. This (…)
Morocco to Create Over 23,000 New Government Jobs in 2020 Budget
22 October 2019
The 2020 Finance Bill provides for the creation of 23,112 budgetary positions, for next year. Positions distributed among the ministerial departments and institutions, (…)
Maroc Telecom Reports 1.3% Profit Growth, Driven by Mobile Data Expansion
22 October 2019
Maroc Telecom published, for the first nine months of 2019, an adjusted net result attributable to the Group of 4,647 million dirhams, up 1.3% on a comparable basis, and an (…)
Morocco Unveils Tax Amnesty Plan to Boost Economy and Repatriate Foreign Funds
21 October 2019
As part of the 2020 Finance Bill, a new provision proposed by the Government provides for an amnesty for holders of funds abroad. This measure will allow a GDP growth rate of (…)
Moroccan Parents Explore Property Buying Loophole for Students Abroad
21 October 2019
Instead of renting an apartment to their children wishing to pursue their studies abroad, parents can directly access property.
Morocco Expands Dirham’s Trading Range to Boost Economic Resilience
21 October 2019
The easing of the exchange rate regime aims to absorb external shocks, in particular a surge in oil prices, and to strengthen the competitiveness of Morocco.