Morocco Revises Tax Policy: Landlords to Pay Income Tax Only on Collected Rent
23 November 2019
Landlords’ Income Tax (IR) on rental income will now only be paid on rents received. This is one of the new measures just adopted by the tax authorities.
Taxes
Morocco Approves Tax Reforms for 2020, Including Corporate and Income Tax Changes
20 November 2019
The House of Representatives has approved new measures that will govern taxation for the year 2020, pending the results of the international Road show which plans to raise one (…)
Morocco Boosts Tax Breaks for Professional Athletes, Citing Short Careers
10 November 2019
Professional athletes will see the flat-rate deduction on their employment income increase from 40 to 50%. This provision, contained in the 2020 Finance Bill (PLF), was (…)
Morocco Modernizes Customs System to Combat Tax Evasion and Smuggling
2 November 2019
A convention to acquire a new integrated and secure marking system has been signed between the Customs and Indirect Taxes Administration (ADII) and the company SICPA SA. This (…)
Morocco to Cut Corporate Tax Rate to 20% by 2024 to Boost Investment
31 October 2019
In order to encourage investment and improve competitiveness within companies, the Moroccan Government has just adopted a new legal regime, aimed at reducing the Corporate Tax (…)
Morocco Overhauls Tax System to Align with EU Standards, Raises Corporate Rates
23 October 2019
The 2020 Finance Bill addresses the Corporate Income Tax (CIT) at great length. Its concern is to comply with the requirements of the European Union (EU) by starting to apply a (…)
Morocco Proposes Corporate Tax Cut for Industrial Firms in 2020 Budget
22 October 2019
In the coming months, a reduction in the marginal Corporate Income Tax (CIT) rate, from 31% to 28%, for industrial companies on their domestic turnover, could be applied. This (…)
Morocco to Implement Income Tax on Athletes and Coaches Starting 2020
20 October 2019
Starting in 2020, athletes will be included in the category of people who pay Income Tax, according to the Finance Bill. And it will be the clubs, leagues and federations that (…)
Morocco Unveils New Tax Amnesty Plan for Undeclared Assets in 2020
16 October 2019
A new liberating contribution will be applied from 2020. This contribution concerns individuals who have their tax domicile in Morocco and hold liquid assets in a bank in the (…)
Casablanca to Raise Municipal Taxes on Bars, Vacant Lots, and Public Transport
28 September 2019
In Casablanca, some municipal taxes will see an increase in the coming days. These are mainly the tax on drinking establishments, the tax on undeveloped urban land and the tax (…)