In general, the Moroccan tax code considers that all revenues and capital gains generated in Morocco are subject to Moroccan taxation.
Companies are taxed on the difference between their trading income and expenditure. Business expenses incurred in the operation of the business are generally deductible unless specifically excluded.
The CIT rates are as follows (progressive scale):
|Taxable income (MAD)
||CIT rate (%)
A higher CIT rate of 37% applies to credit institutions and insurance companies.
Non-resident companies can, under certain conditions, opt for an alternative tax at the rate of 8% of the amount of their contract, whatever the taxable income is.
CIT cannot be lower than a minimum contribution of 0.75% (or 0.25% for specific products) levied on the turnover and other specific revenues. The minimum contribution is not due during the first 36 months following the beginning of activities.
Local income taxes
There are no provincial or local taxes levied on income in Morocco.