Keywords: Tax Reform
Morocco’s tax revenues surged by 25.1 billion dirhams by the end of June 2025, marking a 16.6% increase compared to the same period in 2024. The announcement was made by Fouzi Lekjaa, Minister Delegate in charge of the Budget, during a parliamentary session on Monday. The minister attributed......
Morocco's tax revenues reached unprecedented levels in 2024, with net collections amounting to MAD 220.52 billion ($24.23 billion), as revealed by the General Directorate of Taxes (DGI) in its annual report. This figure marks a 16% increase from the previous year and represents 111% of the targets......
Real estate investment trusts (Socimis) are increasingly at the center of Spain's housing debate, especially as the government implements new tax measures aimed at addressing the worsening housing crisis. While many may not be familiar with Socimis, they play a significant role in the property market,......
In Morocco, cigarette prices have once again surged as of April 1, 2025. This increase predominantly affects local brands, particularly those produced by the Société marocaine des tabacs (SMT). The price hike ranges from 1 to 3 dirhams, depending on the brand. For instance, the cost of......
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......
The Moroccan government has unveiled a comprehensive wage and tax reform package set to take effect in 2025, aimed at boosting purchasing power and stimulating domestic consumption amid inflationary pressures. Starting January 1, 2025, the guaranteed minimum interprofessional wage (SMIG) will increase......
Morocco’s 2025 Finance Bill introduces significant tax reforms, offering relief to retirees by gradually eliminating income tax on pensions and annuities. Starting in 2025, retirees will benefit from a 50% reduction in taxes, with a complete exemption slated for January 2026. Government spokesperson......
Morocco's parliament is taking bold steps toward modernizing its tax system through a comprehensive Finance Bill that targets consumable goods with significant public health implications. The proposed legislation, discussed in a recent ministerial council session led by King Mohammad VI, aims to......
Morocco has embarked on a monumental journey of tax reform, unveiling a series of groundbreaking initiatives set to redefine its fiscal landscape and catalyze economic prosperity. These sweeping reforms, spanning from the simplification of the Value-Added Tax (VAT) regime to the promotion of philanthropic......
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