Morocco to Raise Import Duties: Smartphone Prices Set to Surge

It emerges from the draft finance law (PLF) for the year 2024 that the government plans to increase the import duty applied to certain finished consumer goods such as small electrical appliances (razors, electric clippers, hair dryers, irons, microwaves...) and telephone sets, including smartphones. It also intends to increase the import duty on hot and cold rolled, plated or coated sheets from 17.5% to 30%, from 2.5% to 30% on green tea in packaging between 3 kg and 20 kg, and from 2.5% to 40% on disposable electronic cigarettes.

On the other hand, the government proposes to lower the common import duty from 40% to 30%. It justifies this proposal by the recovery of the Moroccan economy after the end of the health crisis, on the one hand, and the inflationary trend, on the other, characterized by the increase in the cost of importing finished consumer goods. This reduction will not apply to products in Chapter 24 of the customs tariff, namely manufactured tobacco and tobacco substitutes, as well as products that were subject to the 40% duty before the 2020 supplementary finance law.