\n| Income brackets in dirhams (Before Finance Law 2025)<\/span><\/td>\n | Rates (Before Finance Law 2025)<\/span><\/td>\n | Amounts to be deducted (Before Finance Law 2025)<\/span><\/td>\n | Income brackets in dirhams (After Finance Law 2025)<\/span><\/td>\n | Rates (After Finance Law 2025)<\/span><\/td>\n | Amounts to be deducted (After LF 2025)<\/span><\/td>\n<\/tr>\n\n| 0 to 30,000<\/span><\/td>\n | 0%<\/span><\/td>\n | 0<\/span><\/td>\n | 0 to 40,000<\/span><\/td>\n | 0%<\/span><\/td>\n | 0<\/span><\/td>\n<\/tr>\n\n| 30,001 to 50,000<\/span><\/td>\n | 10%<\/span><\/td>\n | 3000<\/span><\/td>\n | 40,001 to 60,000<\/span><\/td>\n | 10%<\/span><\/td>\n | 4000<\/span><\/td>\n<\/tr>\n\n| 50,001 to 60,000<\/span><\/td>\n | 20%<\/span><\/td>\n | 8000<\/span><\/td>\n | 60,001 to 80,000<\/span><\/td>\n | 20%<\/span><\/td>\n | 10000<\/span><\/td>\n<\/tr>\n\n| 60,001 to 80,000<\/span><\/td>\n | 30%<\/span><\/td>\n | 14000<\/span><\/td>\n | 80,001 to 100,000<\/span><\/td>\n | 30%<\/span><\/td>\n | 18000<\/span><\/td>\n<\/tr>\n\n| 80,001 to 180,000<\/span><\/td>\n | 34%<\/span><\/td>\n | 17200<\/span><\/td>\n | 100,001 to 180,000<\/span><\/td>\n | 34%<\/span><\/td>\n | 22000<\/span><\/td>\n<\/tr>\n\n| Over 180,000<\/span><\/td>\n | 38%<\/span><\/td>\n | 24400<\/span><\/td>\n | Over 180,000<\/span><\/td>\n | 37%<\/span><\/td>\n | 27400<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n<\/ul>\n<\/li>\nBenefits for internships and recruitment<\/b> :<\/span>\n\n- Income tax exemption conditions extended to all trainees (max 6000 dh\/month)<\/span><\/li>\n
- Exemption for internships limited to 12 months instead of 24 months.<\/span><\/li>\n
- Exemption for 24 months if trainees are recruited on permanent contracts (capped at 10,000 dirhams\/month).<\/span><\/li>\n
- Applicable from January 1, 2025.<\/span><\/li>\n<\/ul>\n<\/li>\n
- New tax categories<\/b> :<\/span>\n
\n- Express addition of income categories such as unjustified income discovered during tax audits, winnings from foreign online gambling, and miscellaneous income from lucrative activities not classified in existing tax categories.\u00a0<\/span><\/li>\n
- Withholding tax of 30% and social solidarity contribution on gambling winnings<\/span><\/li>\n
- Applicable from January 1, 2025 & July 1, 2025<\/span><\/li>\n<\/ul>\n<\/li>\n
- Revision of the tax treatment of buybacks of supplementary pensions:<\/b>\n
\n- Exemption subject to a minimum duration of 8 years for contracts.<\/span><\/li>\n
- Clarification of the taxable base for buybacks before this deadline.<\/span><\/li>\n
- This requirement is excluded in the event of death or disability.<\/span><\/li>\n
- Applicable from January 1, 2025.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Clarification of the tax treatment of property transfers:<\/b>\n
\n- Taxation of capital gains on land transfers at a value exceeding the acquisition price.<\/span><\/li>\n
- Exclusion from income tax for transfers made at their original acquisition price.<\/span><\/li>\n
- Applicable from the <\/span>January 1, 2025.<\/b><\/b><\/li>\n<\/ul>\n<\/li>\n
- Eligibility of contributions of shares and equity interests:<\/b>\n
\n- Confirmation that contributions of shares in unlisted real estate-focused companies are eligible for the tax payment deferral scheme.<\/span><\/li>\n
- Applicable according to article 161 bis-II of the CGI.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Taxation of land profits related to expropriation:<\/b>\n
\n- Clarification of the taxation of land profits realized during expropriations or judicial transfers.<\/span><\/li>\n
- Withholding tax is mandatory for these amounts, with the possibility of deducting it from the income tax due.<\/span><\/li>\n
- Applicable from July 1, 2025.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Land income<\/b> :<\/span>\n
\n- Option for a final tax payment of 20% instead of withholdings of 10% or 15% with obligations to declare global income.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Retirement pensions<\/b>\u00a0<\/span>\n
\n- Income tax exemption for retirement pensions and life annuities from January 1, 2026 for basic pension schemes.<\/span><\/li>\n
- Annual declaration exemption for beneficiaries of these tax-exempt pensions.<\/span><\/li>\n
- Transitional reduction of 50% of the IR for pensions and annuities received in 2025.<\/span><\/li>\n
- Supplementary schemes remain subject to income tax according to the usual rules.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Other changes<\/b>:<\/span>\n
\n- Increase in the income tax reduction for family expenses from 360 to 500 dirhams per dependent (maximum of 3000 dh)<\/span><\/li>\n
- The increase in the amount of vouchers representing food or meal expenses issued by employers to their employees to 40 dirhams instead of 30 dh per day worked.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
II. Corporate Income Tax (CIT)<\/b><\/h3>\n\n- Vehicle depreciation<\/b> :<\/span>\n
\n- Increase in the deduction limit for passenger transport vehicles <\/span>300,000 to 400,000 dirhams, amortizable over 5 years<\/b>.<\/span><\/li>\n
- Applicable from 1 January 2025.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Restructuring of corporate groups<\/b> :<\/span>\n
\n- Reduced detention threshold <\/span>80% at 2\/3<\/b> for parent companies.<\/span><\/li>\n
- Net capital gains benefit from a payment deferral instead of a postponement.<\/span><\/li>\n
- Possibility of transferring fixed assets to net book value in exchange for securities<\/span><\/li>\n
- Applicable to transfers made from 1 January 2025.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Joint ventures (SEP)<\/b> & <\/span>Economic Interest Groups (EIGs)<\/b> :<\/span>\n
\n- Corporate income tax liability is mandatory for SEPs with more than 5 partners or including a legal entity.<\/span><\/li>\n
- Integration of GIEs into the field of IS with distribution of results between members.<\/span><\/li>\n
- SEPs not subject to corporate income tax must keep accounts.<\/span><\/li>\n
- Applicable to financial years beginning on or after January 1, 2026 for SEP.<\/span><\/li>\n
- Applicable from 1 January 2025 for GIEs.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Revision of the application procedures for withholding tax on income from shares, equity interests and similar income:<\/strong>\n
\n- Amendment to the provisions of Article 247-XXXVII-C of the French General Tax Code (CGI) to provide for the application of withholding tax to the proceeds from shares, equity interests and similar income distributed, as follows:\n
\n- 12,50%<\/strong>, for amounts distributed from 1 January 2025 onwards; ;<\/li>\n
- 11,25%<\/strong>, for amounts distributed from 1 January 2026 onwards; ;<\/li>\n
- 10%<\/strong>, for amounts distributed from 1 January 2027.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n
- Extension and Expansion of the Capital Gains Tax Allowance on Real Estate\u00a0<\/strong>\n
\n- Tax relief of 70% on capital gains from real estate:<\/li>\n
- Extension of the tax relief until December 31, 2030.<\/li>\n
- Extension to land and building sales from 2025.<\/li>\n
- Subject to the reinvestment of proceeds from disposal in accordance with article 247-XXXV of the CGI.<\/li>\n
- Applicable to companies subject to corporation tax.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
III. Value Added Tax (VAT)<\/b><\/h3>\n\n- Removal of VAT application for occasional customers residing in Morocco.<\/b>\n
\n- Removal of the application of VAT to remote service supplies for occasional customers residing in Morocco.<\/span><\/li>\n
- Definition of clear criteria for establishing tax residency in Morocco.<\/span><\/li>\n
- Transition to quarterly reporting for non-resident service providers.<\/span><\/li>\n<\/ul>\n<\/li>\n
- \u00a0Exemption for capital goods used in private education:<\/b>\n
\n- Extension of VAT exemption to assets acquired by real estate companies and OPCIs for educational projects.<\/span><\/li>\n
- Subject to compliance with regulatory formalities and the obligation to preserve assets.<\/span><\/li>\n
- Applicable to companies and OPCIs that have not exceeded the 36-month exemption period before January 1, 2025.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Taxation of dried yeasts subject to VAT:<\/b>\n
\n- Application of a VAT rate of 20% domestically and on imports to ensure fair competition between local and imported products.<\/span><\/li>\n
- Transitional measures for VAT on stocks prior to January 1, 2025 and transmission of a list of debtor customers as of December 31, 2024 for taxpayers concerned by the cash basis system.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Seasoned meats<\/b> :<\/span>\n
\n- Extension of VAT exemption to seasoned fresh or frozen meats.<\/span><\/li>\n<\/ul>\n<\/li>\n
- Increase in local resources<\/b> :<\/span>\n
\n- Minimum share of VAT allocated to local authorities increased by <\/span>30% to 32%<\/b>.<\/span><\/li>\n<\/ul>\n<\/li>\n
- \u00a0Temporary exemption from VAT on the importation of certain products:<\/b>\n
\n- Application of VAT exemption on the importation of live animals, fresh or frozen meat, cargo rice and virgin and extra virgin quality olive oils.<\/span><\/li>\n
- Measure applicable from January 1, 2025 to December 31, 2025, within the limits of the quotas set.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n
IV. Registration fees<\/b><\/h3>\n\n- \u00a0Clarification of long-term leases:<\/b>\n
\n- Replacement of the term "emphyteutic lease" with "lease with a duration exceeding 10 years".<\/span><\/li>\n
- Revision of the taxable base for leases exceeding 10 years.<\/span><\/li>\n
- Total annual rent plus charges (maximum of 20 years)<\/span><\/li>\n
- Applicable from January 1, 2025.<\/span><\/li>\n<\/ul>\n<\/li>\n
- \u00a0Penalties for electronic recording:<\/b>\n
\n- Targeted professionals (notaries, adouls, chartered accountants and certified public accountants)<\/span><\/li>\n
- A fine of 1000 dirhams for omission or error in electronic registration.<\/span><\/li>\n
- Correction possible within 30 days without penalty.<\/span><\/li>\n
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