The Finance Bill for 2024 provides for an increase in the import duty rate applicable to disposable electronic cigarettes from 2.5% to 40%.
According to the bill’s presentation note, the purpose of this increase is to apply the same import duty rate to disposable electronic cigarettes as that applied to other electronic cigarettes for the 2023 fiscal year.
The 2024 Finance bill also proposes to increase from 2.5% to 30% the rate of import duty applicable to certain consumer products and materials, as part of the mobilization of financial resources for the General State Budget.
The increase will apply to small electrical appliances such as electric shavers and hair dryers, hand dryers, irons and microwave ovens, as well as consumer telephones, including smartphones.
According to the presentation note, this measure will strengthen the protection of local production of these products and equipment, and encourage the establishment of production units in Morocco.
In addition, the bill plans for an increase up to 17.5% in the import duty rate applicable to hot-rolled sheet and cold-rolled sheet, clad or coated, falling within headings 7208, 7209, 7210, 7211, 7212, 7225 and 7226 of the Harmonized System, from 2.5% and 10% to 17.5%.
The aim of this measure is to protect the domestic steel industry at a time when the international market is marked by production overcapacity, exerting downward pressure on import prices.
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