Attijariwafa Bank Breaks Record with Nearly 1 Million Transactions in January
10 February 2020
The "Attijariwafa bank" group has distinguished itself for the fifth consecutive year, with 976,000 stickers cashed in at the end of January.
Taxes
Ceuta Tightens Border Controls on Moroccan Construction Materials to Combat Smuggling
31 January 2020
Since Wednesday, January 29, construction materials from Morocco are subject to control at the Ceuta border crossing. This is the decision made by the government of the (…)
Moroccan Film Center Clarifies New Visa Fee for Movie Screenings
31 January 2020
The Moroccan Cinematographic Center (CCM) has provided clarification on the royalty on the cultural exploitation visa, following the controversy that arose in the ranks of (…)
Morocco Introduces New Tax Rules for Rental Agreements, Deadline Looms
29 January 2020
Tenants (legal entities under public or private law and natural persons) must now demand a mandatory declaration of option from landlords who will choose to pay the Income Tax (…)
Morocco’s Mortgage Rates Climb to 5.69% Amid Banking Liquidity Shifts
16 January 2020
Mortgage rates have risen by 35 basis points to 5.69%.
Morocco Imposes 27% Tariff on Turkish Textile Imports to Protect Local Industry
12 January 2020
Morocco has increased fees on Turkish textile imports since January 1st. This additional duty, worth 90% of the customs tariff, will be applied under the common law until (…)
Moroccan Customs Revenue Hits Record 103.7 Billion Dirhams in 2019
12 January 2020
2019 was a prosperous year for the Moroccan customs. Indeed, it generated 103.7 billion DH in revenue, compared to 100.8 billion the previous year. At the meeting organized by (…)
Morocco’s Corporate Tax Exemption Law Sparks Confusion Over Eligibility
9 January 2020
The French and Arabic versions of the 2020 Finance Act measure give different interpretations of the five-year exemption from corporate tax (IS).
Morocco’s Annual Vehicle Tax Rates Unchanged for 2020
4 January 2020
From January 1 to 31, 2020, motorists will have to pay the annual special tax on motor vehicles (TSAV), known as the sticker. This year, prices remain unchanged for all categories.
Morocco Reverses Tax Exemption for Retirees in Budget Bill Amendment
12 December 2019
The Minister of Finance, Mohamed Benchaâboun, has just canceled the measure of total exemption from income tax (IR) for retirees, before the finance committee of the first (…)