Morocco extends 40% corporate tax to cement and telecoms firms
By the AFREEQUE newsroom, based on L'Information
Majority groups have tabled an amendment to Morocco’s 2027 finance bill to apply the 40% higher corporate tax rate to cement and telecoms companies. The measure would target firms with net profits of at least 100 million dirhams, in addition to the rate already planned for hydrocarbon operators.
Majority groups tabled an amendment on Tuesday to the 2027 finance bill to extend the higher 40% corporate tax rate to cement producers and telecommunications companies with net profits of 100 million dirhams or more, according to L’Information.
This amendment supplements the initial 2027 finance bill provision, which already raises the rate from 35% to 40% for companies importing or distributing petroleum products with net profits equal to or above 100 million dirhams. The bill is being examined as part of Morocco’s 2027 tax reform. See also Morocco’s 2027 budget taxes major hydrocarbon operators at 40%.
