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Morocco Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
34,314,130 (July 2018 est.)
GDP (PPP)
$298.6 billion (2017 est.)

GDP growth rate
4.1% (2017 est.)

High, but a bit unstable over the years

GDP (PPP) per capita
$8,600 (2017 est.)

Very low. The lowest of the North African countries bordering the Mediterranean Sea. This because they do not have natural resources like the others

Local currency
Moroccan dirham (code: MAD)

Quite stable currency

Financial stability (Public debt)
65.1% (2017 est.)

Medium to low, quite stable in the last 5 years

Inflation
0.8% (2017 est.)

Low

Language
Arabic

French is the language of business

Corruption perception index (Source: Transparency International)
Rank 73/180

Very high, however it is improving

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
20% standard VAT rate
Reduced rates: 7%, 10%, and 14% applied to specifically designated operations. No VAT on some goods
Corporate Tax
Progressive scale
10.0%: from 0 to 300,000 MAD (approx 30,000€); 17.5%: from 300,001 MAD to 1,000,000 MAD (approx 94,000€). Credit institutions and insurance companies corporate income tax is higher (37%). Non-resident companies can, under certain conditions, opt for an alternative tax at the rate of 8%; 31.0%: from 1,000,001 MAD
Duties
VAT on importation (20%, 14%, 10% and 7% depending on operations)
Taxe Parafiscale à l’Importation (TPI): 0.25% levied on the value of the imported goods

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