Taxes

Articles

• Morocco Reverses Tax Exemption for Retirees in Budget Bill Amendment
  12 December 2019, by Sylvanus

  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 chamber of Parliament. The latter met to proceed with the second reading of the Finance Bill (PLF).
  After being approved at the last minute by the House of Councillors on December 6, the measure of total exemption from income tax (IR) for retirees was canceled on Wednesday, December 11, reports TelQuel.
  Finance (…)

• Morocco Denies Rumors of New TV Tax, Clarifies Existing Fee Structure
  24 December 2019, by Sylvanus

  "The tax that Moroccans pay for the public television is old and the current government has not introduced any new tax," said Saâdeddine El Othmani, in an attempt to put an end to the rumors of a new tax in favor of 2M, which is currently in great difficulty.
  "Contrary to the rumors circulating, the government in 2013 had abolished this tax imposed on water and electricity bills for the last tranches (1, 2 and 3); which means that 80% of Moroccan families who pay water and electricity (…)

• Morocco’s Annual Vehicle Tax Rates Unchanged for 2020
  4 January 2020, by Bladi.net

  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.
  Owners of diesel vehicles under 8 HP will pay 700 DH compared to 350 DH for gasoline engines in the same case. Diesel vehicles from 8 to 10 HP will have to pay 1,500 DH compared to 650 DH for gasoline cars.
  For people owning a diesel vehicle from 11 to 14 HP, the price is 6,000 DH against 3,000 DH in the case (…)

• Morocco’s Corporate Tax Exemption Law Sparks Confusion Over Eligibility
  9 January 2020, by Sylvanus

  The French and Arabic versions of the 2020 Finance Act measure give different interpretations of the five-year exemption from corporate tax (IS).
  While the 2020 Finance Act measure, in its French version, concerns companies carrying out outsourcing activities inside or outside dedicated integrated industrial platforms, the Arabic version of the same law indicates that companies operating inside and outside the P2I benefit from the five-year exemption from corporate tax, notes (…)

• Morocco Imposes 27% Tariff on Turkish Textile Imports to Protect Local Industry
  12 January 2020, by Bladi.net

  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 December 31, 2021.
  The provisional safeguard measures applied on textile-clothing imports from Turkey became permanent in 2020. Consequently, the provisional additional duty of 22.5%, or 90% of the 25% import duty rate paid by importers, becomes an asset to the treasury, it is indicated. With this new measure, importers (…)

• Moroccan Customs Revenue Hits Record 103.7 Billion Dirhams in 2019
  12 January 2020, by Bladi.net

  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 Tijara 2020 on the provisions of the Finance Act, Nabyl Lakhdar, Director General of the Customs and Indirect Taxes Administration, shed light on some key figures.
  The Director General of the Customs and Indirect Taxes Administration provided the audience with figures that testify to last year’s achievements. Thus, (…)

• Morocco’s Mortgage Rates Climb to 5.69% Amid Banking Liquidity Shifts
  16 January 2020, by Bladi.net

  Mortgage rates have risen by 35 basis points to 5.69%.
  According to Bank Al-Maghrib, the banks’ liquidity needs fell to 64.1 billion dirhams on average per week in December last year, compared to 75.4 billion dirhams the previous month.
  To make up for this deficit, BAM injected 59.7 billion dirhams in the form of 7-day advances, according to the daily l’Economiste. The same source specifies that the total outstanding amount of the central bank’s interventions reached 66.1 billion (…)

• Morocco Introduces New Tax Rules for Rental Agreements, Deadline Looms
  29 January 2020, by Sylvanus

  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 (IT).
  Landlords who prefer to pay the IT on rental income themselves have the obligation to provide their tenant with a declaration of option, says L’Economiste. This is a mandatory document that tenants must receive from landlords in order to avoid withholding the IT at source. Failure to comply with this rule can (…)

• Moroccan Film Center Clarifies New Visa Fee for Movie Screenings
  31 January 2020, by Bladi.net

  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 producers.
  In a press release, the Moroccan Cinematographic Center recalled that a visa is now issued by the film viewing commission, only once in the life of a film and before its first screening in Morocco.
  This initiative follows the publication of the decision of the Board of Directors of the Moroccan (…)

• Ceuta Tightens Border Controls on Moroccan Construction Materials to Combat Smuggling
  31 January 2020, by Ginette

  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 autonomous city.
  It is in a press release, relayed by the Spanish press agency (EFE), that the government of Ceuta announces this new measure which intervenes following a decision of the chamber of commerce, and which aims to fight against smuggling. The objective is primarily fiscal since it will make it possible to (…)