Morocco’s public treasury reported that national net custom revenues amounted to over MAD 63.29 billion during the first eleven months of 2021, equating to a 24.1% increase compared to the same period last year.
In its monthly report of public financial statistics for November 2021, the Treasury explained that these revenues consist of custom duties, added value tax on imports, and domestic consumption tax on energy products.
The increase takes refunds, exemptions, and tax returns into account, as they make up an approximate MAD 99 million.
Net custom duty revenues increased by 26.4%, amounting to MAD 10.47 billion, taking into account refunds, exemptions, and tax returns which are set at MAD 20 million, while added value tax revenues on imports exceeded 37.74 billion, a 24.4% increase.
As for the net revenue of information and communication technologies on energy products, it exceeded MAD 15 billion, an increase of 22% compared to what was recorded at the end of November 2020, taking into account the tax refunds, discounts, and tax refunds amounting to MAD 70 million.
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