Morocco's Ministry of Finance has published the draft Finance Law for 2023. One of the main measures of the draft law is for the introduction of a new simplified corporate income tax rate system that includes: a standard corporate income tax rate of 20%; a higher corporate income tax rate of 35% for companies with annual net profits of MAD 100 million or more; and a higher corporate income tax rate of 40% for financial (credit) institutions and similar bodies and insurance and reinsurance undertakings. The draft law also includes a transitional measure that adjusts all the current varied corporate...