Morocco’s tax revenues surged 74% between 2021 and 2025 to reach 291 billion dirhams, the country’s tax chief said on Wednesday, citing the figures as evidence that a five-year fiscal reform plan is now fully delivering results.
Presenting the reform’s progress to business leaders at the General Confederation of Moroccan Enterprises (CGEM) in Casablanca last week, Younes Idrissi Kaitouni, head of the General Directorate of Taxes (DGI), said the rise reflected a broader tax base, stronger compliance and better enforcement, rather than higher tax pressure.
The tax-to-GDP ratio increased from 20.3% to 24.6% over the period. Corporate tax receipts more than doubled to 100.3 billion dirhams, VAT revenue climbed 58% to 71 billion, and income tax collections rose 47% to 70 billion.
The additional revenues strengthened the state’s fiscal capacity, he said, noting that between 2021 and 2025, the general budget expanded by over 90 billion dirhams, public-sector wage increases cost 40 billion, and transfers to local governments rose 10 billion.
Support for companies’ cash flow increased by 11 billion dirhams, he said.
Key reforms included new corporate tax brackets of 20% and 35%, reduced withholding on dividends, a lower minimum contribution rate, and streamlined rules for mergers and asset transfers.
VAT reforms focused on reducing rate distortions, easing refund procedures and taxing digital services, which generated 6.7 billion dirhams in 2025.
