Morocco reduces the full tax exemption

The price of tax expenditures associated with tax exemptions and outstanding measures recorded a decline on the subject of the selection of procedures and the worth of the quantities, because it reached, respectively, 268 procedures and 32.1 billion dirhams all the way through the present yr, in comparison to 291 procedures and 36.9 billion dirhams within the earlier yr, whilst the federal government licensed 87 % of those outstanding measures prior to 2019, which on the subject of price represented 98 % of the aforementioned expenditures recorded all the way through this yr.

The distribution of tax expenditures in keeping with the kind of measures determined confirmed an building up in general exemptions, via 192 tax exemptions price 21.5 billion dirhams all the way through the present yr, in comparison to 191 exemptions price 21.6 billion dirhams, whilst the selection of tax aid measures recorded a decline from 43 measures to 19 all the way through the aforementioned duration. And from 12 billion dirhams to 7.1 billion dirhams, in parallel with the stableness of monetary amenities on the subject of quantity (6 measures), and their lower in price, transferring from 1.3 billion dirhams to at least one.2 billion dirhams.

The file on tax expenditures hooked up to the draft Finance Regulation 2025 showed that, in regards to projections (6 measures), their price jumped from 961 million dirhams to a couple of billion dirhams, whilst liabilities evolved from 17 measures to 18, and from 693 million dirhams to 788 million, whilst The selection of flat taxes stabilized at 9 measures between the previous and present years, transferring their price from 140 million dirhams to 170 million, in comparison to a decline within the selection of partial and brief exemptions from 19 measures to 18, and from 163 million dirhams to 157 million, in keeping with price.

Referring to the kind of taxes integrated within the tax exemptions and outstanding measures, it was once recorded that those measures that had been counted diminished from 291 measures all the way through the previous yr to 268 for the present yr, of which 228 measures had been the topic of analysis, whilst the percentage matter to analysis constituted 85 % of the full measures that had been evaluated. They had been counted in 2024, whilst general tax expenditures declined via 13 % all the way through 2024, because of the lower in tax expenditures associated with value-added tax, which moved from 21.1 billion dirhams to fifteen.1 billion dirhams, i.e. a lower of 6 billion dirhams, and customs tasks from 2.1 billion dirhams. To one.9 billion dirhams, i.e. a minus of 202 million dirhams. As well as, the aforementioned expenditures, associated with company tax and source of revenue tax, recorded a respectively building up of 706 million dirhams and 472 million dirhams, settling at 2.8 billion dirhams and 5.2 billion dirhams.

Beneficiary sectors

The file hooked up to the monetary undertaking highlighted that in regards to the sectors profiting from tax exemptions and outstanding measures, the protection and social reserve sector was once at the vanguard with 23.5 % of the full measures, as the worth of the tax expenditures from which it benefited jumped to 7.5 billion dirhams all the way through the present yr, in comparison to 7.2 billion dirhams. As of remaining yr, adopted via the electrical energy and gasoline manufacturing and distribution sector via 22.4 %, regardless of the decline within the price of the quantities directed to it from 7.6 billion dirhams to 7.2 billion all the way through the aforementioned duration, then the actual property sector via 15.2 %, as the worth of the measures it acquired moved from 4.4 billion. AED 4.8 billion.

The brand new file wired that households are at the vanguard of beneficiaries of exemptions and outstanding measures, with a percentage that reached 46.9 %, regardless of the decline within the price of the quantities of tax bills they won from 17.3 billion dirhams all the way through the previous yr to fifteen.8 billion dirhams this yr, adopted via corporations with a percentage of 40.3 %. With a lower within the aforementioned quantities from 14.8 billion dirhams to fourteen.2 billion dirhams, then public utilities with a percentage of three.8 %, as the worth of the quantities they benefited from jumped to at least one.5 billion dirhams, in comparison to 1.3 billion dirhams all the way through 2023.