MREs Eligible for Tax Exemption on Social Housing Purchases, Finance Minister Confirms

This statement was made in response to a question asked by the Democratic and Social Constitutional Group concerning MREs and tax exemptions for the purchase of social housing during the weekly oral question session.

The minister explained that, in accordance with Article I-93 of the Tax Code, buyers of social housing, including MREs, can benefit from this exemption in the form of an advance, provided they meet all the specified conditions. This measure aims to facilitate home ownership for a larger number of Moroccans, by offering tax advantages and directly supporting their housing purchase project.

Furthermore, Ms. Fettah specified that the 2023 Finance Law has introduced a new approach aimed at directly supporting citizens wishing to acquire housing, going beyond social housing whose price was set at 250,000 dirhams. She stated that the decree relating to this new support mechanism will soon be published, thus paving the way for better accessibility to home ownership for Moroccans, including MREs.