Morocco’s Tax Revenue Surges 6% to 153 Billion Dirhams Despite Economic Challenges

According to the statistical document, this trend is favored by the good returns of corporate tax (IS), amounting to 47.14 billion dirhams and income tax (IR), reaching 47.49 billion dirhams, indicated the Directorate General of Taxes (DGI) in its 2021 activity report.

This is in addition to the increase in value added tax, which amounts to 32.35 MMDH, and registration and stamp duties - DET (19.62 MMDH), the department specifies, adding that this overall performance is the result of the economic recovery and the efforts made by the DGI in promoting voluntary compliance and combating forms of non-compliance.

On the other hand, gross tax revenues reached nearly 166.95 MMDH, up 7% compared to 2020. These revenues are divided between IR (47.7 MMDH), IS (47.5 MMDH), VAT on the interior (nearly 45 MMDH) and DET (19.6 MMDH). Compared to the target objectives of the Finance Law (LF), the overall gross and net revenues were achieved, respectively, at 110% and 107%, the report points out.