Morocco’s Customs Revenue Surges 18% to 18.78 Billion Dirhams in March

These revenues include customs duties, Value Added Tax (VAT) on imports and Domestic Consumption Tax (TIC) on energy products, indicates the TGR in its recent monthly bulletin of public finance statistics, specifying that they take into account refunds, rebates and tax refunds of 11 million dirhams (MDH).

In detail, the net revenue from customs duties realized during the period reached 3.3 billion dirhams, up 15.5%. And the net revenue from import VAT stood at 11.91 billion dirhams, up 26.3%.

As for the net revenue from the TIC on energy products, it decreased by 1.2% to 3.74 billion dirhams, taking into account refunds, rebates and tax refunds of 4 MDH.

Note that VAT on energy products recorded an increase of 71.9% and that on other products an increase of 18.4%.