By the AFREEQUE newsroom, based on Telquel
Morocco’s draft 2027 finance law exempts FIFA, its subsidiaries and partners from corporation tax, VAT, customs duties and most other taxes. The regime would apply until 2032 under commitments made by Morocco when it bid to host the 2030 World Cup, TelQuel reports.
Morocco’s 2027 finance bill would exempt annual taxable income of up to 60,000 dirhams from income tax, equivalent to 5,000 dirhams per month. The bill also provides for transitional tax brackets until 2030 before a final bracket is applied in 2031, Le Matin reports.
🇲🇦 Morocco · Source: Le Matin ·
Morocco’s 2027 draft finance bill provides for 34,454 budgetary posts, including 14,200 for the Interior Ministry, 5,500 for Defence and 5,400 for Health. Recruitment will also cover education, justice and higher education, according to Le Matin.
🇲🇦 Morocco · Source: Le Matin ·
Morocco’s 2027 draft budget provides for 482.4 billion dirhams in ordinary revenue, including 437.4 billion from taxes. Tax revenue would thus account for more than 90% of general budget resources, according to data from the draft published by the Moroccan government on 23 October.
🇲🇦 Morocco · Source: Lebrief ·
South African exports to China rose by nearly 25% between May and August after Beijing introduced a zero-tariff regime for certain African products. South African imports increased by 23% over the same period, according to Chinese ambassador Wu Peng, who was quoted at an event in Pretoria.
🇿🇦 South Africa · Source: Club of Mozambique ·
Bourita and Lavrov discuss UN vote on the SaharaMoroccan Foreign Minister Nasser Bourita and his Russian counterpart Sergei Lavrov spoke by telephone about the expected Security Council vote on the Sahara. Rabat is seeking to clarify Moscow’s position as a permanent UN member, according to LeBrief.
Tunisia’s 2027 budget set at 68.9 billion dinars, up 8.4%Tunisia’s draft 2027 budget provides for 68.9 billion dinars in funding, an increase of 8.4% compared with 2026. The Education Ministry receives the largest allocation, at 9.18 billion dinars, while funding for Industry, Mines and Energy rises by 48.2%, according to the report on the draft budget.The week in Africa
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