Morocco enacted Finance Law No. 50-22 for the Fiscal Year 2023 and it was published in the official Bulletin No. 7154 bis of 23 December 2022. The key tax measures are summarized as follows:
Corporate tax rates
The Finance Law 2023 has introduced a reform of corporate income tax rates that will span four years, aimed at unified tax rates from 2023 to 2026.
The tax rates are:
- 20% for all companies with net taxable profit below MAD100 million
- 35% for companies with net taxable profit of MAD100 million or more, excluding companies with Casablanca Finance City status and those located in Industrial Acceleration Zones (IAZ)
- 40% for credit institutions, Bank Al Maghrib, Caisse de Dépôt et de Gestion, insurance and reinsurance companies.
| Particulars | Net tax income | Current rate | 2023 | 2024 | 2025 | 2026 |
| Standard corporate income tax rate | below 300000 | 10% | 12.50% | 15% | 17.50% | 20% |
| > 300 000 and <= 1 000 000 | 20% | 20% | 20% | 20% | ||
| > 1 000 000 and < 100 000 000 | 31% | 28.50% | 25.50% | 22.75% | ||
| > = 100 000 000 | 32% | 33% | 34% | 35% | ||
| Industrial companies | >1 000 000 and = < 100 000 000 | 26% | 24.50% | 23% | 21.50% | 20% |
| Activities with 20% marginal rate | >1 000 000 and < 100 000 000 | 20% | 20% | 20% | 20% | 20% |
| > = 100 000 000 | 23.75% | 27.50% | 31.25% | 35% | ||
| Financial companies (*) | 37% | 37.75% | 38.50% | 39.25% | 40% | |
| Casablanca FC and IAZ regimes | 15% | 16.25% | 17.50% | 18.75% | 20% |
