In her presentation, the Minister highlighted the main tax measures which include a review of current corporate tax rates, to reach, within four years, a rate of 20% for all companies whose net profit is less than 100 million dirhams, 35% for companies with a profit equal to or greater than 100 million dirhams, and 40% for credit institutions and similar organizations, Bank Al-Maghrib (BAM), the Deposit and Management Fund (CDG) and insurance and reinsurance companies.
During this meeting, which took place in the presence of the Minister Delegate in charge of the Budget, Fouzi Lekjaa, the minister added that these measures also relate to the gradual reduction over four years of the rate of withholding tax on income from shares, social shares and similar income from 15 to 10%, the harmonization of the tax system of professional income tax with the reform of rates of corporate tax and the review of taxation applied to Real Estate Collective Investment Schemes (OPCI).
The Minister noted that the measures also included the revision of the rate applied to companies with real estate preponderance and the regularization of the tax situation of companies known as “inactive”, as well as those who have not achieved any turnover or have only paid the minimum contribution during the last four fiscal years, as well as the adoption of the social solidarity contribution on profits and income for the years 2023, 2024 and 2025.
Source: Agency Morocaine De Presse