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Morocco Parliament Adopts Draft Finance (Budget) Law for 2018

26 December 2017

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Approved Changes

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Morocco

Morocco's Ministry of Economy and Finance has announced that the draft Finance (Budget) Law for 2018 was adopted by parliament on 13 December 2017. Tax measures include: The removal of the 30% corporate tax rate bracket (MAD 1 million to 5 million), resulting in the following progressive corporate tax rates: up to MAD 300,000 - 10% MAD 300,001 up to MAD 1,000,000 - 20% over MAD 1,000,000 - 31% The introduction of an exemption from registration duty on company formation, capital increases, and the transfer of non-listed company shares; Amendment to the company reorganization regime to allow the carry forward...