2022 Moroccan finance law: New solidarity tax

When Morocco was facing COVID in 2020, a new “corrective” finance law was introduced to help with COVID-related expenses.

One of the “corrective” measures was introducing a “solidarity tax” (ie, helping with COVID-expense) on individuals earning more than 20.000 MAD per month, and companies making more than 1 million MAD in profit.

With the new 2022 finance law, the Moroccan government decided it will continue this, but only on companies and not individuals. The numbers are:

ProfitTax
Between 1.000.000 and 5.000.0002%
Between 5.000.000 and 40.000.0003%
More than 40.000.0004%

This means, if you made more than 1 million MAD in profit, you’ll pay a 2% solidarity tax, in addition to your IS.

Oh hi there 👋 It’s nice to meet you.

Have you heard of our free ebook to get a remote job? Sign up to learn more

close

The future of work is changing, are you ready?

The future of work is flexible, remote, and fun. Sign up to learn more about it and join the Moroccan community of remote workers!

You might also like:

%d bloggers like this: