Morocco’s tax revenues jumps 21% by August

Morocco’s domestic tax revenues rose by an unprecedented 21% year-on-year by the end of August, signaling a remarkable fiscal performance ahead of the presentation of the draft Finance Bill for the upcoming legislative session, scheduled before October 20.

The surge reflects a dynamic tax environment, with the country’s three main levies (corporate income tax (IS), value-added tax (TVA), and personal income tax (IR)) growing at three times the pace of GDP.

According to Les Inspirations Eco, corporate income tax collections reached 64 billion dirhams between January and August, up 16 billion dirhams from the same period in 2024.

IS revenues have surpassed those of IR, marking a significant shift in Morocco’s fiscal structure.

TVA revenues also reflect a structural transformation. Historically driven by imports of petroleum and energy products, the tax now draws strength from domestic consumption, with 46.8 billion dirhams collected by the end of August.

Anti-fraud measures are beginning to show results: false invoice volumes have dropped by 75%, and the withholding mechanism on collected TVA has recovered 4 billion dirhams.