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:
| Profit | Tax |
|---|---|
| Between 1.000.000 and 5.000.000 | 2% |
| Between 5.000.000 and 40.000.000 | 3% |
| More than 40.000.000 | 4% |
This means, if you made more than 1 million MAD in profit, you’ll pay a 2% solidarity tax, in addition to your IS.