On 26 October 2021, the Ministry of Finance (MoF) has published the draft Finance Law for 2022. The measures of the Finance Law will generally apply from 1 January 2022.
The key measures of the law includes the reduction of the top rate of corporate tax from 28% to 27% for industrial companies whose net profit is less than MAD 100 million; and reduction of the minimum tax rate from 0.50% to 0.45%, for companies whose results are declared positive, excluding depreciation, although the higher 0.60% rate will continue to apply for companies reporting a negative result in two consecutive fiscal years.
