Tax
A unified General Tax Code converging on a 20 per cent corporate rate
The Code Général des Impôts consolidates corporate tax, income tax and VAT. The 2023 finance law began a phased convergence of corporate rates toward 20 per cent, with 35 per cent for large profits.
Key rules
- Jurisdiction — Direction Générale des Impôts. Casablanca Finance City and industrial acceleration zones carry distinct regimes.
- Deadline — Corporate returns are due within three months of the financial year end
- Deadline — VAT is filed monthly or quarterly by turnover
- Deadline — Objections to an assessment must be filed within six months
Governing law
- Code Général des Impôts
- Annual Loi de Finances — the operative source of rate changes
- Law 07-20 on local taxation
In practice
Morocco's rate structure was deliberately restructured from 2023 onward, moving from a progressive corporate scale toward a target of 20 per cent for most companies and 35 per cent for the largest, phased over several years, so the applicable rate depends on the year in question and citing a single figure without the year is misleading. Standard VAT is 20 per cent with reduced rates, and the recent reforms have been narrowing exemptions. Disputes run through a local commission and then the national commission before the courts, and that administrative sequence is mandatory. Transfer pricing documentation obligations were formalised recently and now apply to a wide set of related-party dealings.