Morocco’s Customs Revenue Surges 18.9% to 33 Billion Dirhams in May

In its recent monthly bulletin of public finance statistics (BMSFP), the TGR indicated that these revenues consist of customs duties, value added tax (VAT) on imports and domestic consumption tax (TIC) on energy products.

According to the figures, net customs revenue reached 5.25 billion dirhams at the end of May, thus marking a 14.9% year-on-year growth, taking into account tax refunds, rebates and reimbursements of 153 million dirhams (MDH).

Net revenue from VAT on imports, for its part, increased by 27.8% to nearly 21.23 billion dirhams. VAT on energy products recorded an increase of 85.7% and that on other products of 17.6%.

As for the net revenue from the TIC on energy products, it decreased by 0.6% to 6.57 billion dirhams, taking into account tax refunds, rebates and reimbursements of 125 MDH. In addition, gross customs revenue reached 33.2 billion dirhams during the period, up 19.4% from its level a year earlier, the TGR also notes.