
Morocco Revises Corporate and Personal Tax Rates in 2024 Budget
In Morocco, adjustments have been made to the Corporate Income Tax (CIT) and Personal Income Tax (PIT) as part of the 2024 Finance Act.

In Morocco, adjustments have been made to the Corporate Income Tax (CIT) and Personal Income Tax (PIT) as part of the 2024 Finance Act.

The filing of the declaration of property income subject to income tax (IR) and the payment of said tax must be done by February 29 at the latest, warned the Directorate General of Taxes (DGI).

Innovative technology startups now have an e-commerce allocation capped at one million dirhams per calendar year, according to the 2024 version of the General Instruction on Foreign Exchange Operations (IGOC).

In Morocco, the business travel allowance increases from 60 to 100,000 dirhams, according to the updated version of the General Instruction on Foreign Exchange Operations (IGOC) that came into effect on January 2, 2024.

In Morocco, new tax measures will come into effect at the beginning of this year 2024, announced the General Directorate of Taxes of the Kingdom.

Tough times for Moroccan smokers who will, once again, have to dig deeper into their pockets to buy their cigarettes. This increase has just been definitively validated and must come into effect at the beginning of the year.

The Directorate General of Taxes (DGI) has just done a favor for Moroccan motorists regarding the Annual Special Vehicle Tax (TSAV).

The Democratic Labor Organization (OMT) has strongly criticized the government’s policy towards Moroccans residing abroad , pointing to an approach deemed superficial and occasional, particularly during the reception of Moroccans residing abroad during the summer holidays.

The Moroccan government, through its spokesman Mustapha Baitas, announced a revision of the Income Tax (IR) with the aim of increasing the income of employees and civil servants.

The Moroccan tax administration will carry out an operation to control dormant assets at home in order to ensure better financial and tax transparency.

Most Moroccan taxpayers do not pay their taxes, generating a significant shortfall, in the order of one billion dirhams, for the Moroccan state.

In the Moroccan Parliament, opposition groups have proposed amendments to the 2024 Finance Bill (PLF), one of which aims to encourage engagement in the organized economy and improve the attractiveness of the self-employed system.