Morocco Raises Import Duty Rate to 40% in New Finance Act
28 July 2020
The import duty rate has increased from 30% to 40% following the publication of the 2020 Amended Finance Act in Official Bulletin No. 6903 on Monday, July 27, 2020.
Finance Bill (2025 Morocco)
Morocco’s Foreign Exchange Reserves Surge to Cover 7 Months of Imports
24 July 2020
Morocco’s reserves could gain an additional one to two months due to the drop in consumption. Thus, foreign exchange should be further strengthened in the second half of the (…)
Government’s Real Estate Stimulus Measures Fall Short of Industry Expectations
19 July 2020
The government council has taken certain measures recorded in the draft amending finance law in order to revive the real estate sector affected by the coronavirus. However, (…)
Moroccan Business Group Proposes 10 Amendments to Boost Economy Amid Pandemic
19 July 2020
During a videoconference, the General Confederation of Moroccan Enterprises (CGEM) presented to the House of Advisors its 10 amendments to the Amended Finance Bill (PLFR 2020).
Moroccan Trade Sector Calls for Recovery Plan Amid COVID-19 Crisis
17 July 2020
The trade sector is left out in the supplementary finance law in terms of a recovery plan. The Moroccan Federation of Franchising (FMF) is asking the government to correct the (…)
Morocco Raises Property Tax Break Threshold to 2.5 Million Dirhams
14 July 2020
An important amendment on the reduction of registration fees was adopted in the early hours of last Sunday by the Finance Committee in the House of Representatives as part of (…)
Morocco Unveils Tax Reforms to Boost Economic Recovery Amid Pandemic
13 July 2020
In addition to supporting the sectors hard hit by the health crisis, the Amending Finance Bill provides for a series of tax measures to revive the national economy.
Morocco Boosts Local Economy with National Preference Measures in Finance Bill
13 July 2020
Faced with the coronavirus, the Moroccan government has taken several measures as part of the 2020 finance bill amendment project, which aim to operationalize the mechanisms of (…)
Morocco’s Economy Set to Contract 5.8% in 2020 Amid Drought and COVID-19 Crisis
13 July 2020
The High Commission for Planning (HCP) forecasts a drop in Morocco’s economic growth to 5.8% for the year 2020, due to the effects of the drought and the covid-19 health crisis.
Morocco Doubles Budget Positions to Boost Youth Employment in 2021
12 July 2020
The Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun, said on Friday that the State will double the annual budget positions in 2021 to facilitate job (…)