Morocco’s 2027 budget restores tax incentive for informal sector
By the AFREEQUE newsroom, based on Libe
Morocco’s 2027 Finance Bill restores a tax incentive allowing informal-sector workers to identify themselves to the tax authorities without prosecution for previous years. It also provides for an advance payment of corporate income tax and personal income tax by importing traders, for 60 months from their first import, according to the Finance Ministry’s explanatory note.
Morocco’s 2027 Finance Bill provides for the restoration of a tax incentive allowing people working in the informal sector to register with the tax authority for the first time without being prosecuted for previous years. The measure is set out in the explanatory note to the bill published by the Ministry of Economy, Finance and Public Administration.
The taxpayers concerned would be taxed only on income earned and transactions carried out from the date of their first tax identification. The bill also provides for an advance payment of corporate income tax or personal income tax by traders importing goods for resale in their original state. It would be collected at customs clearance for 60 months from the first import operation.
The advance rate is set at 5% of the customs value of the goods. After the 60 months, it would apply only to importers who do not present a tax compliance certificate to customs services. The amounts paid would be credited against tax instalments or tax due, with the possibility of a refund. Imported investment goods and goods covered by customs economic regimes are excluded.
These measures form part of Morocco’s 2027 budget bill, whose guidelines were adopted on 17 October. The bill also provides for tax and budget changes, including reserving the exemption for justified professional expenses.
