Customs revenue at 69.96 billion dirhams at the end of October

Net customs revenue stood at more than 69.96 billion dirhams (MMDH) at the end of October 2022, up 22.6% compared to the same period a year earlier, 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 reimbursements, reliefs and refunds of 211 million dirhams (MDH), specifies the TGR in its recent monthly public finance statistics bulletin (BMSFP), noting that gross customs revenue increased by 22.8% to 70.18 billion dirhams.

At the retail level, net revenue from customs duties at the end of October 2022 reached 11.55 billion dirhams, up 21.7%, while net revenue from import VAT stood at 45.211 billion dirhams ( +32.9%), says the same source.

VAT on energy products increased by 91.3% and that on other products an increase of 21.7%. With regard to net income from ICT on energy products, they reached 13.203 billion dirhams (-2.6%), taking into account refunds, tax relief and refunds of 155 million dirhams. Gross revenue from ICT on energy products was 13.35 billion dirhams against 13.62 billion dirhams, down 1.9% compared to their level at the end of October 2021.

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