Last reviewed - 04 April 2023

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 (%)

The 2023 finance bill fixed the applicable CIT rates as follows:

20% for companies with a net tax income lower than MAD 100 million.

35% for companies with a net tax income equal to or higher than MAD 100 million (subject to some exceptions).

Still, the target rates of 20% and 35% rates would not be applicable until January 2026. As such, CIT rates will progressively evolve.

For FY23, the CIT rate applicable to companies with a net taxable income higher than MAD 100 million is 32%

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 (%)


Personal income tax (PIT) due dates
PIT return due date

28 February

PIT final payment due date


PIT estimated payment due dates


Value-added tax (VAT) rates
Standard VAT rate (%)


Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: NA;



Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Headline individual capital gains tax rate (%)


Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)


Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


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.