Net customs revenue reached 6.39 billion dirhams (MMDH) at the end of January 2023, up 14.1% compared to their level 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 refunds, relief and refunds of 2 million dirhams (MDH) at the end of last January (3 MDH a year earlier), specifies the TGR in its recent monthly bulletin of public finance statistics.
At retail, net revenue from customs duties at the end of January reached 1.129 billion dirhams, up 24.6% compared to January 2022, the same source said.
The said bulletin also shows that net revenue from import VAT increased by 17.1% to 4.11 billion dirhams. VAT on energy products increased by 43.2% and that on other products an increase of 10.7%.
With regard to net receipts from ICT on energy products, they amounted to nearly 1.151 billion dirhams, down 2.9% compared to their level at the end of January 2022, taking into account reimbursements, reductions and tax refunds of 1 MDH.
Gross customs revenue was 6.392 billion dirhams at the end of January, up 14.1% compared to their level at the end of January 2022.