Moroccans paid 14 billion dirhams in alcohol, tobacco taxes in 2022

Moroccans’ consumption of alcoholic beverages exceeded the government’s expectations and contributed to significant tax revenues exceeding 2 billion dirhams in 2022.

Tobacco taxes remain one of the largest revenues for the state, achieving 12.7 billion dirhams last year, an increase of about one billion dirhams from government expectations.

Tax revenues on alcohol generated about 1.8 billion dirhams in 2021 – meaning they increased by about 11% over the past year.

Revenues from fees imposed on wine and alcohol last year amounted to about 942 million dirhams, according to data issued by the Ministry of Economy Finance.

In comparison, the expectations were of 630 million dirhams, an increased rate of about 149 percent.

The tax on beer achieved 1 billion and 100 million dirhams, compared to an expected 814 million dirhams in the Finance Law 2022, with an incrased of 135 percent.

Fees on soft drinks and soda also increased, reaching 604 million dirhams last year’s fee, after the government imposed only 480 million dirhams.

The official data of the fiscal law 2022 shows that corporate tax revenues reached 62.3 billion dirhams, compared to 52 billion dirhams projected by the government, while income tax revenues on income amounted to 48.3 billion dirhams, up by 5 billion dirhams from the initial forecast.

Internal value-added tax (VAT) is also one of the most prominent tax resources of the state, as they achieved 31.9 billion dirhams last year, slightly exceeding the expectations of the fiscal law of 2022, while the VAT on imports amounted to 54.4 billion dirhams, an achievement rate of 126 percent compared to the government’s expectations.

According to the Ministry of Financial Economy, import taxes contributed about 13.6 billion dirhams, after the government relied on only 11.8 billion dirhams, representing a completion rate of 115 percent.