Morocco’s Tax Revenues Surge 23.3% to 70.28 Billion Dirhams in Q1 2023

This trend is driven by the good income from corporate income tax (IS), standing at 10.2 billion dirhams, up 80.5% compared to the previous year and an increase of 600 million dirhams (+4.7%) in income tax (IR), reports Aujourd’hui le Maroc.

According to the statistical document, VAT revenues on the domestic market fell by one billion dirhams, following an increase in refunds of 1.2 billion dirhams. As for VAT on imports, it shows a 23.7% increase, gaining 2.4 billion dirhams year-on-year.

As for domestic consumption taxes, they remained stable at 7 billion dirhams, the same source points out, according to which customs revenues, for their part, increased by 13.9%, gaining 388 million dirhams.