Africa
Currency
MAD
Corporate Tax
31%
Personal Income Tax
38%
VAT / GST
20%
Standard rate (2024); reduced bands 10-20% for lower profits; 20% for manufacturing/export.
Top rate 38% above MAD 200,000 (after 2024 reform).
Standard; 14% and 7% reduced rates; 0% on exports.
Dividends
15%
Interest
20%
Royalties
10%
Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.
CNSS: ~21% total (employer ~14.6% + employee 6.74%); AMO health contribution on top.
Capital Gains Tax
20% (reduced for certain assets)
Inheritance / Estate Tax
Progressive 0–20% (exempt direct line)
Capital (Net Worth) Tax
0%
Property Tax
Municipal tax (TH) on rental value
Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.
Treaties in force
~60
Key partners: France, Spain, USA, UK, Belgium, Germany
Strong ties with EU; withholding often 5%–10%. Treaty with USA in force.
Treaty counts are approximate and change as agreements are signed, ratified, or terminated. Verify the status and withholding rates under the specific treaty before relying on them.
Calendar year
Notes
Casablanca Finance City offers reduced CIT (15%). Exporters enjoy 0% CIT for first 5 years then 17.5%.
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