Tax revenue exceeds 2 billion dirhams

The significant consumption of alcoholic beverages in Morocco has contributed to the pumping of significant tax revenues into the Public Treasury of the State during the year 2022, thus exceeding 2 billion dirhams. A figure that even exceeded government expectations.

In Morocco, tax revenue imposed on alcoholic beverages amounted to around 1.8 billion dirhams in 2021, an increase of around 11% over the past year.

According to data published by the Ministry of Economy and Finance, revenues from taxes imposed on wines and alcohol last year amounted to around 942 million dirhams, against expectations of 630 million dirhams, i.e. an achievement rate of approximately 149%.

As for the beer tax, revenue reached 1.1 billion dirhams, against 814 million dirhams forecast in the 2022 finance law, with an implementation rate of 135%.

Regarding customs duties on soft drinks and lemonade, data from Nadia Fettah Alaoui’s department point out that they have also increased, reaching 604 million dirhams in 2022, after the government set an assumption of 480 million dirhams. dirhams only.

Royalties applied to manufactured tobacco remain one of the most important State revenues, since they generated 12.7 billion dirhams over the past year, an increase of almost one billion dirhams against government expectations.

On the other hand, it appears from the official data of the balance sheet for the execution of the 2022 finance law that revenue from corporate tax (IS) amounted to 62.9 billion dirhams, against 52 billion dirhams forecast by the government in the bill, while revenue from income tax (IR) amounted to 48.3 billion dirhams, an increase of 5 billion dirhams compared to initial expectations.

Domestic value added royalties are also considered among the most important fiscal resources for the state. In 2022, they reached 31.9 billion dirhams, slightly exceeding the expectations of the 2022 finance law. As for value added tax (VAT) on imports, it amounted to 54.4 billion dirhams, with an achievement rate of 126% compared to government expectations.

Also, according to the same data from the Ministry of Economy and Finance, import duties contributed to supplying the state coffers for around 13.6 billion dirhams, while the government was counting on only 11.8 billion dirhams, which represents an achievement rate of 115%.

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