2026 Finance Bill: Opposition parties propose wealth tax, import exemptions in amendments

Opposition lawmakers in Morocco have submitted a wide range of amendments to the draft 2026 Finance Bill, calling for new taxes on wealth and relief measures for farmers, investors, and rural communities.

The Justice and Development Party (PJD) parliamentary group led the proposals with 122 amendments, followed by the Socialist–Opposition Bloc with 73. Both the Popular Movement and leftist MP Fatima Tamni submitted 46 amendments each, while the Party of Progress and Socialism (PPS) proposed 38. In contrast, the ruling coalition parties put forward just 23 amendments in total.

Among the most notable proposals was the introduction of an annual net wealth tax on residents whose assets exceed 50 million dirhams ($4.9 million). The tax would apply to the portion of wealth above that threshold, and half of the revenue would go toward Morocco’s Social Solidarity Fund to finance development projects and reduce regional inequality.

The Popular Movement also proposed exempting chicks and animal feed from import duties for two years (January 2026 to December 2027) and granting five-year corporate tax exemptions to companies operating in Morocco’s less-developed rural and mountain regions.

The PPS demanded that the proposed wealth tax cover real estate, business assets, bank deposits, jewelry, artworks, and inherited property. It also suggested a fixed annual fee of 100 dirhams per square meter on individuals and companies extracting sand from quarries or riverbeds.

The Socialist–Opposition Bloc submitted a proposal to permanently exempt public social service institutions and government-backed organizations from taxation and to remove taxes on school transport vehicles owned by local authorities or associations, citing their social importance.

Meanwhile, the PJD group called for customs and tax exemptions on solar panels used in agriculture, pharmaceutical inputs, medical and veterinary equipment, and certain pesticides. The group also proposed taxing electronic cigarette packaging and similar devices to curb their rising popularity.

Left-wing MP Fatima Tamni suggested full import duty exemptions for essential medicines and medical supplies used in the public sector, ensuring the benefit reaches end consumers. She also urged the government to lower the Interior Ministry’s 2026 spending allocation to 4.547 billion dirhams, redirecting funds from security projects to social programs.

Another cross-party proposal would grant a 15% tax deduction to companies investing in health and education infrastructure in rural and mountainous regions, part of a broader push to address regional disparities and promote social equity in Morocco’s 2026 budget.