Morocco's 2027 budget taxes major hydrocarbons operators at 40%
By the AFREEQUE newsroom, based on LesEco.ma
Morocco's 2027 finance bill plans to raise the corporate tax rate from 35% to 40% for hydrocarbon importers and distributors whose net taxable profit reaches at least 100 million dirhams. The measure, which amends article 19 of the General Tax Code, would apply to financial years beginning on or after 1 January 2027, according to Les Inspirations ÉCO.
Morocco's 2027 finance bill plans to raise from 35% to 40% the corporate tax rate applicable to companies importing or distributing hydrocarbons whose net taxable profit reaches at least 100 million dirhams, according to LesEco.ma. The measure involves an amendment to article 19 of the General Tax Code.
The 100 million dirham threshold is assessed on net taxable profit, not on turnover. The new rate would apply to financial years beginning on or after 1 January 2027, subject to the text's final adoption, and advance payments would be calculated on the same basis.
This provision extends the tax reform undertaken under framework law No. 69-19, which provides for an adjustment of the tax contribution of certain categories of companies. It adds to the other measures in the 2027 budget, including the reduction of the tax burden on modest incomes announced on 23 October, and comes after the forecast of 482.4 billion dirhams in revenue for the same financial year.
