customs revenue exceeded 33 billion dirhams at the end of May

Net customs revenue stood at more than 33 billion dirhams (MMDH) for the first five months of this year, up 18.9% compared to their level at the end of May 2021, according to the General Treasury of the Kingdom. (TGR).

These receipts, which include customs duties, value added tax (VAT) on imports and the domestic consumption tax (TIC) on energy products, take into account tax refunds, relief and refunds of 153 million dirhams (MDH), specifies the TGR in its recent monthly public finance statistics bulletin (BMSFP), adding that gross customs revenue increased by 19.4% to 33.2 billion dirhams.

At the retail level, net revenue from customs duties at the end of May 2022 reached 5.25 billion dirhams, up 14.9%, while net revenue from import VAT increased from 27.8 to nearly 21.23 billion dirhams. VAT on energy products increased by 85.7% and that on other products by 17.6%.

With regard to net income from ICT on energy products, they fell by 0.6% to 6.57 billion dirhams, taking into account refunds, reliefs and tax refunds of 125 million dirhams.

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