The Finance Committee in the House of Advisors has lowered the import duty applied to smartphones. What seems to be good news turns out to be very disadvantageous for local distributors and consumers.
The increase in the tax on alcohol consumption, provided for in the 2024 Finance Bill (PLF), could benefit smuggling and lead to the massive closure of bars.
Most Moroccan taxpayers do not pay their taxes, generating a significant shortfall, in the order of one billion dirhams, for the Moroccan state.
The government of Aziz Akhannouch is abandoning its project to increase the value-added tax (VAT) on water and electricity. This project had sparked heated controversy and worried Moroccans.
Majority parliamentary deputies disapprove of the increase from 2.5% to 30% in customs duties on imported smartphones, provided for in the 2024 Finance Bill (PLF). Some advocate a tax on luxury phones, particularly high-end iPhones and Samsungs.
In Morocco, real estate professionals show little optimism about a recovery in their sector. So many problems are piling up for a sector that has not yet fully recovered from the Covid-19 health crisis.
Moroccans now have an updated list of drugs whose VAT is covered by the state. This list was published by the Ministry of Health.
Airbnb, the community platform that connects travelers with hotel companies (hotels, guesthouses, vacation rentals), and real estate investors, escapes Moroccan taxation.
In order to allow Moroccans to have access to health services, the government is considering reviewing the taxation on medicines and health products. Mechanisms are being developed to reduce the VAT on the import of these products, starting in 2023.
As of last March, the Moroccan customs service collected 18.78 billion dirhams, up 18% compared to the same month last year.
In Morocco, municipalities are facing serious difficulties due to the drop in tax revenues. A situation that delays the development of projects. The leaders are waiting for the directives of the Ministry of the Interior to mobilize other forms of financing or resort to domestic or foreign borrowing to compensate for the drop.
At the end of February 2022, customs revenue reached more than 11.22 billion dirhams (MMDH), up 17.2% compared to February 2020, according to the General Treasury of the Kingdom (TGR).