Morocco’s Tax Revenue Drops 7.7% as Customs and Domestic Taxes Decline

Customs revenues fell by 12.5% and domestic taxation by 5.8%, explains the TGR in its recent Monthly Bulletin of Public Finance Statistics (BMSFP).

Net customs revenues amounted to 36.2 billion dirhams, given tax refunds, rebates and restitutions of 67 million dirhams (MDH) at the end of August 2020, the same source specifies.

As for the net revenues realized under domestic taxation, they amounted to 81.7 billion dirhams, a decrease of 5.3% compared to the end of August 2019. Gross domestic tax revenues were 86.4 billion dirhams at the end of August 2020.

In addition, non-tax revenues increased by 56.1% to 30 billion dirhams. This is due to the increase in payments from the Treasury’s special accounts (CST) to the general budget.