Morocco Tax Guide: Bank Certificates for Foreign Retirees

The obligation applies to a broad range of profiles, including retirees receiving foreign pensions, employees with multiple sources of income, and agricultural operators generating less than 5 million dirhams in turnover. Landowners and usufructuaries with rental income are also required to regularize their situation before this deadline.

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For retirees receiving foreign-source pensions, the tax authorities apply a flat 70% allowance to pensions less than or equal to 168 000 dirhams. These taxpayers also benefit from an 80% tax reduction on funds transferred in non-convertible dirhams, provided they submit bank certificates proving the definitive transfer.

Property income is subject to special monitoring: filing is required even for amounts below 40 000 dirhams annually. If a 10% or 15% withholding tax has been applied, taxpayers must file a global return to adjust, if necessary, the additional tax owed under the progressive scale.

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Finally, financial institutions and any entity paying gains from “foreign-source internet gambling” must apply a 30% withholding tax. The DGI specifies that these withholdings must be remitted electronically to the tax administration before the end of the month following the month of the transaction.