By the AFREEQUE newsroom, based on Le Matin
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.
Ongoing story · day by day
Morocco adopts the guidelines for its 2027 budget, with 825.6 billion dirhams in expenditure and 482.4 billion dirhams in projected revenue.
23 OctMorocco’s social priorities in 2027 budget to cost 62 billion dirhams23 OctMorocco to raise minimum direct social assistance to 1,000 dirhams23 OctMorocco budget forecasts 482.4 billion dirhams in revenue for 2027Morocco’s draft 2027 Finance Bill provides for exemptions from taxes, VAT and customs duties for FIFA, federations and several partners linked to the 2030 World Cup. The benefits would apply only to activities and revenues directly associated with the tournament, according to Le Matin.
🇲🇦 Morocco · Source: Le Matin ·
Morocco’s draft finance bill provides for raising the minimum retirement pension to 1,700 dirhams a month in 2027, a measure that would affect nearly 500,000 pensioners, including 150,000 widows. The survivor pension rate for widows would also rise from 50% to 100%, according to figures presented by Fouzi Lekjaa, Morocco’s Minister of the Economy and Finance.
🇲🇦 Morocco · Source: Le Matin ·
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 · Source: Telquel ·
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 ·
CAF Confederation Cup: Raja Casablanca and Primeiro de Agosto qualifyRaja Casablanca beat El-Kanemi Warriors 2-0 to qualify for the next stage of the CAF Confederation Cup. Red Arrows eliminated Kaizer Chiefs on penalties, while Primeiro de Agosto also secured qualification after a 3-1 aggregate win over DC Virunga, according to Africatopsports.
Egypt to simplify factory insurance and licencesEgypt will simplify the insurance procedures required of factories to reduce investors’ financial and administrative burdens. Industry Minister Khaled Hashem also announced faster licences and production authorisations during an interview with Extra News.The week in Africa
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