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Keywords: Tax
Morocco’s treasury reports that customs revenues have demonstrated resilience in the early months of 2025, with net receipts reaching MAD 14.735 billion ($1.47 billion) by the end of February. This figure marks a 1.3% increase compared to the same period last year, showcasing the stability of Morocco’s......
Authorities in the Balearic Islands—Mallorca, Menorca, Ibiza, and Formentera—are introducing a series of measures aimed at controlling mass tourism and fostering a more sustainable tourism model. These initiatives include taxes on rental vehicles and steep fines for illegal tourist accommodations. The......
The Ministry of Economy and Finance (MEF) reported that tax revenues reached 30.79 billion dirhams (MMDH) by the end of January 2025, marking an increase of 24.6% compared to the same period in 2024. In its recent Treasury Charges and Resources document (SCRT), the ministry emphasized that the revenues......
Mark Carney, a former central banker renowned for guiding institutions through financial crises and addressing the economic dangers of climate change, has emerged as a leading candidate in the race to become the next leader of Canada’s Liberal Party. However, despite his high international profile,......
Morocco's comprehensive fiscal reforms have driven remarkable growth in tax revenue, reaching MAD 299 billion ($29.5 billion) in 2024, marking a significant increase from MAD 199 billion ($19.5 billion) in 2020. This surge in revenue has enabled substantial investments in social welfare programs,......
Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......
Morocco's recent tax amnesty initiative has successfully concluded, generating MAD 231.7 million (USD 22 million) in additional tax revenue through its Voluntary Asset Disclosure Program. The program, which ended on December 31, 2024, was designed to encourage Moroccans to declare assets and liquidity......
On January 3, U.S. House of Representatives Speaker Mike Johnson secured reelection to the position by a narrow margin, showcasing the potential fractures within the Republican Party under President Donald Trump’s influence. Johnson’s victory in a roll-call vote, which lasted nearly two hours,......
Morocco is set to implement significant price increases on cigarettes in 2025, with entry-level brands bearing the brunt of the adjustment as part of the government's broader tax reform strategy. The move aims to create a more balanced tobacco market by reducing the price disparity between budget......
