Morocco Aligns Tax Regime with EU Demands to Avoid Blacklisting

Long classified on the gray list of non-cooperative countries in tax matters, Morocco could well integrate the black list if it did not adhere to the European demand. The reform expected by the European Union aims at the transition towards a free trade area.

According to the CEO of Casablanca finance city (CFC), the tax regime will be subject to adjustment, so that export activities and those at the local level are managed in a similar way, thus minimizing the impact on the competitiveness of the hub.

The pressure imposed by the European Union on Morocco, with a view to aligning its tax regime with European standards, stems from the fierce competition deployed by other financial centers, at the European level, on the African market.

After dethroning the Johannesburg hub in 2019, the CFC now has more than 180 foreign companies in its portfolio, who have placed their trust in Morocco, for its political stability, its infrastructure, its legal framework and its connectivity with the African continent, said the CEO of CFC Casablanca. "Investors can reach 32 African cities from Casablanca".