Morocco

Overview

Last reviewed - 06 September 2019

The Kingdom of Morocco, a country located in the Maghreb region of North Africa, has a population of nearly 33 million and an area of 710,850 square kilometres. Morocco is a constitutional monarchy with an elected parliament. The political capital is Rabat, and the largest city is Casablanca; other large cities include Marrakesh, Tetouan, Tangier, Salé, Fes, Agadir, Meknes, and Oujda. The official language of Morocco is Arabic, and its currency is the Moroccan dirham (MAD).

Morocco is a young and dynamic country that has attracted increasingly more investments since the privatisation programme started in 1993 and due to the liberalisation of its markets.

Foreign investments in Morocco have expanded from the traditional domains of textiles, fishing, and agriculture to those presenting greater added value, such as energy, infrastructure, transport, telecommunications, financial services, and others.

The European Union (EU) is Morocco’s primary trading partner, providing 65% of Morocco’s imports and receiving 70% of Morocco’s exports.

PwC in Morocco offers a large range of expertise in order to support our clients in the different stages of their development and investments in Morocco.

At PwC Morocco, we strive to provide quality service to each client as we help develop solutions to their individual challenges. For your investment projects in Morocco, our team in PwC Morocco can offer you a large range of services along with the necessary cultural insight and a complete understanding of the regulatory aspects.

Our range of services covers:

  • Audit and Assurance.
  • Tax and Legal services.
  • Consulting.
  • Deals.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%) 31
Corporate income tax (CIT) due dates
CIT return due date Within three months following the closing of the fiscal year.
CIT final payment due date Within three months following the closing of the fiscal year.
CIT estimated payment due dates Payment of tax is made during the fiscal year by way of four equal instalments.
Personal income tax (PIT) rates
Headline PIT rate (%) 38
Personal income tax (PIT) due dates
PIT return due date 28 February
PIT final payment due date NP
PIT estimated payment due dates NP
Value-added tax (VAT) rates
Standard VAT rate (%) 20
Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy) Resident: NA;
Non-resident: 15 / 10 / 10
Capital gains tax (CGT) rates
Corporate capital gains tax rate (%) Capital gains are subject to the normal CIT rate.
Individual capital gains tax rate (%) 20
Net wealth/worth tax rates
Headline net wealth/worth tax rate (%) NP
Inheritance and gift tax rates
Inheritance tax rate (%) NP
Gift tax rate (%) NP

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.