Morocco Proposes Corporate Tax Cut for Industrial Firms in 2020 Budget

On the website of the Ministry of Economy, Finance and Administration Reform, a Note on the Draft Law in question has been published.

It specifies in particular that this reduction does not concern industrial companies whose net profit is equal to or greater than 100 million dirhams (MDH).

A second measure proposed by this same Draft Law is the increase in the marginal CIT for these companies on their export turnover from 17.5% to 20%.

These are in fact two important measures whose application will contribute to promoting productive investment and boosting job creation. They will also allow a gradual reduction in the tax burden on these companies, notes the same source.

Furthermore, these same measures will be of great use to Moroccan industrial companies, allowing them to strengthen their competitiveness and better face competition.