Morocco’s 2027 budget drops tax surcharge on cement and telecoms
By the AFREEQUE newsroom, based on Maroc Diplomatique
Moroccan MPs removed from the 2027 budget bill the extension of the 40% corporate tax rate to cement makers and telecoms operators, targeting companies earning at least 100 million dirhams in net profit. The measure, backed by the majority in the name of tax fairness, was dropped after government reservations, according to Maroc Diplomatique.
The amendment proposed by the parliamentary majority groups would have applied a 40% corporate tax rate to cement companies and telecommunications operators earning at least 100 million dirhams in annual net profit. It was withdrawn during the examination of the 2027 finance bill by the Finance Committee of the House of Representatives, according to Maroc Diplomatique.
The authors of the amendment cited high levels of profitability and the concentration of the cement and telecommunications markets to justify an increased contribution to public funding. They wanted to bring these companies closer to the tax regime applied notably to credit institutions, insurance and reinsurance companies, Bank Al-Maghrib and the Caisse de dépôt et de gestion, which are already subject to a 40% rate.
The Minister of Economy and Finance opposed extending the rate, particularly to telecoms operators. They currently pay 35% corporate tax, in addition to specific levies linked to their activity that can reach 3% of turnover, according to Maroc Diplomatique.
The withdrawal of the amendment comes after the extension of the 40% corporate tax rate to cement makers and telecoms, announced on 10 November, followed by the adoption of the 2027 budget in committee on 12 November.
