Morocco’s net tax revenues reached over MAD 220.52 billion in 2024, marking a 16% increase compared to the previous year, according to the General Directorate of Taxes , a performance that exceeded the 2024 Finance Law targets by 111%, the DGI noted in its annual activity report.
By tax type, the revenues were led by corporate tax (33.7%), income tax (29.1%), value-added tax (19.5%), registration and stamp duties (11.7%), social solidarity contributions (3.4%), additional taxes and fees (2.3%), and other levies (0.3%).
On a year-on-year basis, corporate tax revenue rose 12.9%, income tax 18.9%, VAT 23.8%, and registration duties 7.2%.
In gross terms, total tax revenues stood at MAD 242.48 billion, surpassing the original 14.9% growth forecast.
The DGI also reported MAD 22 billion in tax refunds, deductions, and adjustments, up 19.6% from 2023, achieving 168.1% of the target set in the Finance Law.
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