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Taxation System

 

MARCHE

 

VAT, Professional tax, income tax, corporate tax…By and large, the taxation system related to investment in Morocco also includes stamp and registration fees together with local taxes.

The Casablanca-Settat RIC provides you with the information you need to help you operate in a clear and predictable taxation environment.

Find all information about the Moroccan Tax System in the General Administration of Taxes website : www.tax.gov.ma

 

Corporate Tax (IS)

The corporate tax applies to income and profits of :

  • ● Companies irrespective of their form and their purpose (excluding de facto companies comprising only individuals and fiscally transparent real estate companies and Economic Interest Groups);
  • ● Public institutions and other legal entities carrying out profit-making activities;
  • ● Associations and legally recognized organizations;
  • ● Fund created by law or by agreement;
  • ● Coordination centers of non-resident companies.

 

Gradual convergence to a unified tax rate by 2026

Current status Taxable Profit (MAD) 2022 2023 2024 2025 2026

Industrial Companies (first 5-years exemption maintained)

 ≤ 300 000 10 12.5 15 17.5 20
300.001 < TP < 100.000.000 26 24.5 23 21.5 20
> 100.000.000 31 32 33 34 35

CFC and « Industrial acceleration zones » companies (first 5 years exemption maintained)

 Whatever the Taxable profit is 15 16.25   17.5 18.75 20

Newly created companies committed to invest 1.5 billion MAD

 Whatever the Taxable profit is 20 20 20 20 20

Hotel companies; sports companies; mining companies exporting goods or services; taxable agricultural companies; industrial companies carrying out regulated activities; service outsourcing..

 ≤ 300 000 10 12.5    15 17.5 20
300.001 < TP< 100.000.000 20 20 20 20 20
≥ 100.000.000 20 23.75 27.5 31.25 35

Common law rate

 ≤ 300 000 10 12.5 15 17.5 20
300.001 to 1.000.000 20 20 20 20 20
1.000.001 to 99.999.999 31 28.25 25.5 22.75 20
≥ 100.000.000 31 32 33 34 35
Banks, insurance companies and similar institution Whatever the Taxable profit is 35 37.75 38.5 39.25 40

 

For more details regarding this tax, its scope, its taxable base and its liquidation rules, please consult the General Tax Code 2023 ↗

 

 

Income Tax (IR)

The income tax applies to income and profits of individuals and legal entities which have not opted to be subject to corporate tax.

The categories of income concerned by this tax are:

  • ● business income ;
  • ● agricultural income ;
  • ● wages, salaries and similar income ;
  • ● income and profit from rent ;
  • ● income and profit from movable capital.

 

The following table shows the taxing graduation related to the “IR”:

Annual Income (MAD) Taxing Rate
Below 30,000 0 %
From 30,001 to 50,000 10 %
From 50,001 to 60,000 20 %
From 60,001 to 80,000 30 % 
From 80,001 to 180,000 34 % 
Over 180,000 38 %

 

It is worth noting that there are several specific rates according to the income nature.

To know more, please read Article 73 of the General Tax Code for year 2023 ↗