Morocco Considers Wealth Tax on High-Value Assets
The debate on taxation of the richest is resurfacing in Morocco. After an initial rejection, the Democratic Confederation of Labor (CDT) is relaunching the idea of a wealth tax in the House of Advisors.
As part of its amendments to the 2025 finance bill, the CDT proposes to tax bank deposits and accounts, real estate, as well as stocks and bonds of the wealthiest. The proposed tax rate would be 0.20% for assets between 10 and 100 million dirhams, and 0.25% for those exceeding 100 million dirhams.
For the CDT, this tax would allow the wealthiest to contribute more to the financing of public services and the development of the country. It also aims to "restore a balance between the different income brackets," in the words of the union.
With this goal of social and fiscal justice, the CDT also proposes to increase the income tax exemption threshold to 60,000 dirhams and to cap the maximum tax rate at 35%.
The parliamentary group also wishes to exclude retirement pensions from income tax, arguing the need for "solidarity between generations."
Finally, the CDT demands that companies in the natural gas, motor oil, fuel import and telecommunications sectors no longer benefit from temporary tax exemptions. According to it, these companies "make significant profits on the domestic market" and must therefore "contribute to the financing of the national economy."
The CDT also advocates strengthening the human resources of the labor inspectorate, requesting the allocation of 100 additional budgetary positions, as it is imperative to provide the labor inspectors with sufficient human resources to ensure the normal functioning of the organization, the group insists.
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