VShe revenue, which comes from customs duties, Value Added Tax (VAT) on imports and the Internal Consumption Tax (TIC) on energy products, takes into account tax refunds, reliefs and restitutions of 50 million dirhams (MDH) at the end of May 2024 compared to 30 million dirhams a year earlier, specifies the TGR in its recent Monthly Bulletin of Public Finance Statistics (BMSFP).
At retail, net revenue from customs duties amounted to MAD 6.58 billion, an increase of 13.5% compared to the end of May 2023, reports the same source.
Net revenue from import VAT stood at MAD 23.07 billion at the end of May 2024 compared to MAD 21.52 billion at the end of May 2023, recording an increase of 7.2%, while VAT on energy products recorded a decrease of 8.2% and that of other products an increase of 11.2%.
As for net ICT revenues on energy products, they reached MAD 7.19 billion, an increase of 13.8% compared to their level at the end of May 2023, taking into account reimbursements, tax reliefs and refunds of 33 MDH at the end of May 2024 compared to 17 MDH a year earlier.
At the end of May 2023, the TIC on energy products had recorded a drop of 5.3% compared to its level at the end of May 2022 (6.341 billion dirhams compared to 6.697 billion dirhams).
Regarding gross ICT revenues on energy products, they were 7.228 billion dirhams compared to 6.341 billion dirhams, an increase of 14% compared to their level at the end of May 2023.
