Morocco Raises Annual Tourist Allowance to 45,000 Dirhams, Eases Foreign Exchange Rules

This allowance will increase to "45,000 dirhams per calendar year with a 10% supplement on income tax, all capped at 100,000 dirhams," the office specifies, which has just taken several measures to relax and liberalize several current operations, including travel, imports or exports of goods and services.

The advance payment of goods imports increases to 200,000 dirhams, the ceiling for advance payment of service imports has been raised to 100,000 dirhams, while the repatriation period for service export proceeds increases to 90 days, compared to 60 days previously.

As of January 14, new technology companies will have the possibility of paying for service imports related to their activities by international payment cards under the "e-commerce" heading up to 500,000 dirhams per calendar year, it is also read.

In addition, service exporters with contracts abroad will be able to open accounts abroad, the office specifies.