Taxes - Accounting

Tax Rates | Accounting Rules
Tax Rates
Consumption taxes

Nature of the tax

Value Added Tax (VAT)

Tax rate

20%

Reduced tax rate

There are three reduced rates of 7%, 10% and 14% according to the products and services concerned. Basic food products, books and newspapers, certain loans and financial instruments are exempt from VAT.

Other consumption taxes

Domestic consumption taxes on alcohol, tobacco, sugar, oil products etc.

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Corporate taxes
Tax rate
|Normal rate |30% |
|Rate applying to leasing companies and credit institutions |37% |
|Possibility opened to Building and Public Works enterprises or Engineering enterprises |8% of their contract amount |

Tax rate for foreign companies

VAT refund for nonresidents is possible under certain conditions. Access the Ministry of Economy and Finance website on fiscal issues.

Capital gains taxation

Long term capital gains are taxed in Morocco at the rate of 30%.

Main allowable deductions and tax credit

There are many deduction possibilities. For more information go to Invest in Morocco website Investments Management.

Other corporate taxes

A 6% registration duty and a 1% real estate tax is levied at the time a real estate is purchased. A 3% registration duty is imposed on the sale of shares in non-listed companies.

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Individual taxes
Tax rate
|Income is taxed at progressive rates. |From 0 to 38% |
|up to MAD 30,000 |0% |
|from MAD 30,001 to 50,000 |10% |
|from MAD 50,001 to 60,000 |20% |
|from MAD 60,001 to 80,000 |30% |
|from MAD 80,001 to 180,000