Net customs revenues amounted to over MAD 76.81 billion at the end of November 2022, up 21.4% compared to the same period a year earlier, according to the General Treasury of the Kingdom (TGR).
These receipts, which include customs duties, value-added tax (VAT) on imports, and domestic consumption tax (TIC) on energy products, take into account refunds, rebates, and tax refunds of MAD 221 million, said the TGR in its monthly bulletin of public finance statistics (BMSFP) of November.
The gross customs receipts have increased by 21.5%, reaching MAD 77.03 billion during the same period, further stated the same source.
In detail, the net receipts from customs duties at the end of November 2022 reached MAD 12.74 billion, up 21.7%, while the net receipts from import VAT reached MAD 49.66 billion, up 31.6%, added the same source.
The VAT on energy products recorded an increase of 81% and that on other products a rise of 21.6%, said the TGR.
Regarding net receipts of the TIC on energy products, they reached MAD 14.40 billion (-4.5%), taking into account refunds, tax reductions and refunds of MAD 161 million.
The gross receipts of the TIC on energy products amounted to MAD 14.56 billion, down compared to MAD 15.14 billion, a decrease of 3.9% compared to their level at the end of November 2021, according to the same source.
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