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Impostos al Marroc

Tax Rates

Consumption Taxes

Nature of the Tax
VAT - Value-Added Tax (Taxe sur la Valeur Ajoutée - TVA)
Tax Rate
20%
Reduced Tax Rate
A reduced rate of 10% applies to petroleum products; banking transactions; hotel operations; restaurant operations; sales and delivery operations relating to art objects; edible fluid oils; solar water heaters and photovoltaic panels.

VAT rate for transport, butter and electricity is 14% (same as for butter).

A reduced rate of 7% applies to water; rental of water and electricity meters; pharmaceutical products and non-recoverable packaging of pharmaceutical products.

Zero-rated items include exported goods and services; goods placed under customs suspensive regime; fertilizers; machinery for exclusively agricultural use; investment goods recorded as fixed assets, acquired by taxpayers, for a period of 36 months from the start of the activity, excluding vehicles acquired by car rental agencies.

Other Consumption Taxes
Excise duties are levied on several products, including alcoholic beverages, energy drinks, tobacco, sugar, oil products, lubricants, etc. Plane tickets for international flights departing from Moroccan airports are taxed at MAD 100 for Economy class and MAD 400 for Business and First class.

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Corporate Taxes

Company Tax
10%
Tax Rate For Foreign Companies
Moroccan tax applies territorially. Foreign companies are liable on Moroccan-sourced income, even when this is of an occasional nature, at the same rates as local companies (unless a preferential treatment is granted under foreign investment schemes).
A branch tax of 15% applies to the net income transferred by the Moroccan branch to foreign entities.
Capital Gains Taxation
Capital gains are treated as non-current income and taxed at the normal corporate tax rate.
Non-resident companies are exempt from capital gains derived from the sale of stocks listed on the Casablanca stock exchange, excluding the shares of real estate entities.
Main Allowable Deductions and Tax Credits
Expenses incurred in connection with business activities are generally deductible unless specifically excluded. Start-up expenses shall be capitalised and depreciated for tax purposes over a five-year period. Interest on loans granted by direct shareholders is deductible if the capital is fully paid in, limited to the share capital equity and the interest rate provided annually by the Ministry of Finance.

Charitable contributions made by companies are deductible only if they are granted to foundations and societies explicitly provided by law. In the case of contributions made to the community enterprise, the deduction is capped at 0.2% of the turnover.

Tax losses may be carried forward for a period of four years from the end of the loss-making accounting period. However, the portion of a loss that relates to depreciation may be carried forward indefinitely. The carryback of losses is not permitted. Foreign tax relief is provided for foreign-sourced income. Bad debts that are definitively non-recoverable are treated as deductible losses. Taxes are generally deductible (except for corporate income tax).

Morocco offers tax incentives in the form of tax exemption or taxation at more advantageous rates for local and foreign investors. Check the Corporate income tax section for further details.
Other Corporate Taxes
Registration duties are due on all written or verbal conventions, such as property transfer of real estate, shares, or rights; company set up; equity increase; and goodwill transfer (6%). The rates of registration duties range from 1% to 6%. A flat rate of MAD 200 is also applicable to specific operations and conventions.The acquisition of real property is subject to a 1% real estate tax.

A municipal tax ("taxe de services communaux")is levied at a rate of 10.5% of the rental value of properties located in urban areas and 6.5% for properties located on the outskirts of cities.

The business tax ("taxe professionnelle") consists of a tax on the rental value of business premises (rented or owned) and fixed assets. The tax rates range from 10% to 30%, with an exemption for the five first years of activity. The rental value is exempted for the portion of the cost exceeding MAD 50 million.

A Payroll tax (called professional training tax) is imposed on the gross monthly remuneration of employees that are subject to social security contributions, at a rate of 1.6%. Morocco's mandatory social security regime is managed by the CNSS (Caisse Nationale de Sécurité Sociale). Employers' contributions are as follows: family allocation 6.40%; social allocation 8.60% (with a computation base capped at MAD 6,000); professional tax 1.60%; mandatory medical care 4.11%.

Other Domestic Resources
General Tax Administration
Consult Doing Business Website, to obtain a summary of the taxes and mandatory contributions.

Country Comparison For Corporate Taxation

  Morocco Middle East & North Africa United States Germany
Number of Payments of Taxes per Year 6.0 20.8 10.6 9.0
Time Taken For Administrative Formalities (Hours) 155.0 204.0 175.0 218.0
Total Share of Taxes (% of Profit) 45.8 32.1 36.6 48.8

Source: Doing Business, Latest available data.

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Individual Taxes

Tax Rate

Progressive income tax 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 34%
Above MAD 180,000 38%
Allowable Deductions and Tax Credits
The deductions from gross salary concern mainly social security contributions, retirement contributions, and a lump-sum deduction equal to 20% of the gross salary (with a ceiling of MAD 30,000 per year).
Personal insurance contributions can be deducted under certain limits (e.g. 50% of net taxable salary for individuals receiving only salary income).

Charitable contributions are deductible if granted to organisms and societies expressly provided by the tax law. Loan interests relating to the acquisition of the main house are tax-deductible up to the limit of 10% of the taxable global revenue.

Professional expenses incurred in the operation of the business are generally deductible unless specifically excluded.

Special Expatriate Tax Regime
Individuals with their main homes in Morocco are taxed on the totality of their incomes. Non-resident individuals are taxed only on Moroccan-sourced income.
There are no special regimes for expatriates (unless a double taxation treaty applies).

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Double Taxation Treaties

Countries With Whom a Double Taxation Treaty Have Been Signed

Withholding Taxes
Dividends: 0 (resident company)/15% (non-resident company or individual); Interest: 20% (resident company)/30% (resident individual)/10% (non-resident - a loan granted for 10 years or more is exempt from withholding tax); Royalties: 0% (resident company or individual) 10% (non-resident company or individual).
The rates may vary according to specific tax treaties.
Bilateral Agreement
Spain and Morocco signed a Double Taxation Treaty.

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Actualitzacions: September 2022

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