The tax on alcohol has not limited the consumption of Moroccans. On the contrary, the consumption of alcoholic beverages has increased sharply in the kingdom, leading to a 66.7% increase in these tax revenues by the end of June 2024 compared to the same period the previous year.
In Morocco, the Directorate General of Taxes (DGI) has implemented new provisions regarding the withholding of VAT, which came into effect on July 1, 2024.
The Directorate General of Taxes (DGI) makes available to Moroccans residing abroad (MRE) a tax guide providing information on the various provisions, particularly those concerning registration and stamp duties, value added tax or income tax.
From now on, importers and buyers of luxury vehicles in Morocco will have to pay the luxury tax, which will be calculated with the taxable VAT, confirmed the Directorate General of Taxes (DGI). As a result, the prices of high-end vehicles could skyrocket.
VAT fraud costs the state between 1 and 1.2 billion dirhams a year, revealed Younes Idrissi Kaitouni, the Director General of Taxes (DGI), during the presentation of his strategic plan for the 2024-2028 period.
In Morocco, companies and taxpayers must pay income tax (IR), corporate tax (IS), VAT and others before March 31. After this deadline, they are exposed to the penalties and sanctions provided for by the Directorate General of Taxes (DGI).
According to the 2024 Finance Act, non-resident service providers in Morocco are now required to register on the dedicated platform and obtain a tax identification number.
Opposition MPs continue to call for the exemption of Value Added Tax (VAT) on all basic high-consumption products in order to support the purchasing power of Moroccans in this period of inflation.
The Moroccan authorities have decided to increase the VAT rates applied to electricity tariffs for the 2024-2026 period.
The price of sugar has increased in Morocco since the beginning of this year. The cause is an increase in VAT on this product, set by the 2024 Finance Act, and which will be progressive over the next two years.
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.
In Morocco, many major tax measures from the 2024 Finance Act have been enacted for the new year, then published in Official Bulletin No. 7259 bis, dated December 25, 2023. Here is what to remember.