Morocco’s Customs Revenue Surges 24% to 63.29 Billion Dirhams in November
At the end of last November, customs revenue reached more than 63.29 billion DH, marking a 24% year-on-year growth, according to the General Treasury of the Kingdom (TGR).
In detail, these revenues, which include customs duties, value added tax on imports and the domestic consumption tax on energy products, take into account tax refunds, rebates and reimbursements of 99 million dirhams (MDH), the TGR specifies.
The monthly bulletin also indicates that gross customs revenue amounted to nearly 63.4 MMDH during the same period, an increase of 24.1% compared to a year ago.
As for net revenue from customs duties, it increased by 26.4% to 10.47 MMDH, while that of the domestic consumption tax (TIC) recorded an annual increase of 22%, due to tax refunds, rebates and reimbursements of 70 MDH.
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