Tax
Corporate tax at 15 per cent since 2021, with sectoral surcharges
The 1989 income tax code governs corporate and personal tax, with the standard corporate rate reduced to 15 per cent from 2021 and higher rates for banks, insurance and telecoms. VAT is 19 per cent.
Key rules
- Jurisdiction — Direction Générale des Impôts. Export-oriented companies retain a preferential regime.
- Deadline — Corporate returns are due by 25 March, or three months after year end for non-calendar years
- Deadline — VAT returns are monthly, due by the 28th
- Deadline — Objections must be lodged within 60 days of notification
Governing law
- Code de l'Impôt sur le Revenu et de l'Impôt sur les SociétésLaw 1989-114
- Code de la TVALaw 1988-61
- Code des Droits et Procédures FiscauxLaw 2000-82
- Annual Loi de Finances
In practice
The headline corporate rate fell to 15 per cent for most companies in the 2021 finance law, but banks, insurers, telecoms operators and hydrocarbons remain at 35 or 40 per cent, so the sector determines the rate more than the size does. Export companies that formerly enjoyed complete exemption now pay a reduced rate following the phased convergence, and material describing full exemption is obsolete. The Code des Droits et Procédures Fiscaux governs audit, assessment and appeal uniformly, and its conciliation stage before the courts is mandatory. Withholding on payments abroad is broad, and the treaty network is smaller than Morocco's, which raises the practical cost of cross-border service arrangements.