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Kingdom of Morocco


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Kingdom of Morocco


ATAF member since 2009

Country Overview

Capital City: Rabat
Chief of State: King MOHAMMED VI
since 1999
Head of Government: Abbas EL FASSI
President since 2007
Area (sq km): 740,000 (land & water)
Population: 31,000,000

Revenue Overview

Revenue Authority: Direction Générale des Impôts
Administration Head: Mr. Abdellatif Zaghnoun
Directeur Général
Institution Address: Rue Moulay Ahmed Cherkaoui
Haut Agdal


Country Correspondent:

Mr Mohammed Amine BAINA
Chef de la Division de la Coopération Internationale

Contact Details: Phone:
+212 537 27 92 02
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Country Correspondent: Mr Fahd LOUBARIS
Officer in the Multilateral Cooperation Unit
Contact Details: Phone:
+212 537 27 92 00
+212 537 27 92 03
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Tax Rate Overview

Personal Income Tax

Tax Year: Calendar Year
Tax Rate:
Progressive to 38%

Individuals, regardless of nationality or activity, who have their habitual residence in Morocco, are subject to a personal income tax ('Impôt sur le Revenu' or IR) on their worldwide income on a progressive scale between 10% and 38%.

Individuals not having their habitual residence in Morocco are subject to tax only on Moroccan source income.

The tax return must be filed by 31 March of each year in the place where the taxpayer has his/her habitual residence or main business.

Corporate Tax

Tax Year: The calendar year is normally the fiscal year although a company may opt for a different fiscal year.
Tax Rate: 30%, with a 37% rate applying to leasing companies and credit institutions.

Companies are taxed on the difference between their trading income and expenditure. Business expenses incurred in the operation of the business are generally deductible unless specifically excluded. Expenses not permitted include fines, penalties, interest on shareholder loans where the stock is not fully paid up, and interest on shareholder loans in excess of the official annual interest rate.

Morocco operates a territorial tax system. Companies (both resident and non-resident) are generally subject to corporate tax only on income generated from activities carried on in Morocco. Foreign corporations are subject to taxation on income arising in Morocco if they have, or are deemed to have, a permanent establishment in Morocco. A company is resident in Morocco if it is incorporated there or its place of effective management is in Morocco.

Consumption Tax

Nature of the Tax:Value Added Tax (VAT)
Tax Rate: 20% (Reduced rates of 7%, 10% and 14% apply to certain transactions.)
Filing & payment: VAT returns generally must be filed on a monthly basis.

The standard VAT rate of 20% applies to all suppliers of goods and services, except those taxed at other rates or those who are exempt. A reduced rate of 10% applies to specific items such as banking and credit services, leasing, gas, water and electricity.

Economic Overview

GDP per capita (PPP) % 4,587 US$ (2009)
Tax to GDP Ratio % 23% (2009)
Inflation Rate % 1% (2009)
Currency Moroccan Dirham

Additional Information

  • The Kingdom of Morocco is located at the northwest of Africa. It is bordered to the north by the strait of Gibraltar and the Mediterranean Sea; to the south by Mauritania; to the east by Algeria and to the west by the Atlantic Ocean. The Moroccan coast extends over 3,500 km. The area of Morocco is 740 000 square kilometres.
  • The major resources of the Moroccan economy are agriculture, phosphates, tourism and fisheries. In 2009, the Moroccan economy reached a growth rate of 4,9 % with a GDP of 736,2 billion MAD.
  • Regarding human development, significant progress has been achieved during the last decade.
  • Access to basic social services has improved markedly, as evidenced by the electrification of rural areas that reached nearly 84 percent in 2009, after having covered all urban areas. During the same period, access to drinking water rose from 14 percent to 90 percent. In the education sector, the net enrolment rate of children aged 6 to 11 years reached 96 percent in 2009.
  • As regards its openness on the international economic arena, Morocco has ratified many Free Trade Agreements with its principal economic partners such as the Agadir Agreement, signed with Egypt, Jordan, and Tunisia, and this within the framework of the installation of the Greater Arab Free Trade Area; the Free Trade Agreement with the United States which came into force on January 1, 2006, and lately the Free Trade Agreement with Turkey.
  • In 2008, Morocco entered into an advanced status of Association with the European Union. This advanced status would undoubtedly support the integration of Morocco in the regional environment. In this connection, the roadmap put in place to harmonize the Moroccan legislation and standards with those of the European Union will stimulate the integration of the Moroccan economy in the European market.

Contact ATAF

phone  +27 (0) 12 451 8835
fax  +27 (0) 12 432 9342
buildings  Block G, Hatfield Gardens,
       Pretoria, South Africa

mail  This email address is being protected from spambots. You need JavaScript enabled to view it.

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African Tax Administration Forum (ATAF)