Morocco
Answer ... There is a single tax regime, which applies to all companies that are subject to tax in Morocco.
Morocco
Answer ... Corporate income tax: Corporate income tax is calculated according to the following progressive scale.
|
Net profit amount |
Rates |
|
Less than or equal to MAD 300,000 |
10% |
|
From MAD 300,001 to MAD 1 million |
17.5% |
|
More than MAD 1 million |
31% |
Business tax: Business tax is based on the annual rental value. The rates vary according to the nature of the activity carried out, as follows.
|
Rank 3 |
10% |
|
Rank 2 |
20% |
|
Rank 1 |
30% |
Morocco
Answer ... Corporate income tax is calculated on the basis of net taxable profits, while business tax is based on the amount of the annual rental value.
Morocco
Answer ... The nature of the taxable income may have an impact on the tax rates. Some products are subject to withholding tax, such as income from shares (15%) and fixed-income investment products (20%); while trading income is taxed according to the progressive scale set out in question 1.2.
Morocco
Answer ... A deficit in a fiscal year may be deducted from the profits in the following fiscal year. In the absence of profits or in the event of insufficient profits to allow for such deduction, the deficit or the balance of deficit may be deducted from the profits in subsequent accounting periods until the fourth year following the financial year of deficit.
Losses incurred by institutions that are not subject to tax in Morocco cannot be deducted from the Moroccan taxable base.
Morocco
Answer ... The concept of beneficial ownership does not exist in Morocco; only the legal owner of the income is taxed.
Morocco
Answer ... Yes, companies in Morocco are subject to tax on a progressive scale, whereby the rate of corporate tax varies according to the amount of taxable profits.
Morocco
Answer ... Yes, the following entities are also subject to corporate income tax:
- public institutions that operate on a for-profit basis;
- associations and similar bodies;
- funds created by law or by convention which do not have legal personality and are managed by public or private law bodies; and
- general partnerships and limited partnerships incorporated in Morocco and comprising only natural persons, as well as joint ventures, which are liable to corporation tax upon irrevocable option.
