Recalling that the tax reform linked to framework law No. 69.19 is the result of broad discussions involving all stakeholders and actors concerned, he stressed that the government began this reform within the framework of LF-2023, dedicated to the reform of corporate tax (IS), in particular by the unification of the different rates then the increase in the rates applicable to companies making annual profits above 100 million dirhams (MDH), and the reduction of IS for companies whose profits are less than 100 MDH, constituting the majority of the entrepreneurial fabric.
And to continue that these reforms alone have made it possible to record an annual increase of more than 14% in revenue from IS. Furthermore, the government official noted that the year 2024 was dedicated to the reform of the value added tax (VAT), unified into three rates (0%, 10% and 20%) and covering all products. base of broad consumption, indicating that “this unification, alone, has reduced and will continue to reduce the VAT burden weighing on businesses, in particular small and medium-sized businesses”.
At the same time, the finance bill (PLF) for the year 2025 plans to include income tax in the reform, by exempting monthly incomes below 6,000 dirhams, thus increasing the proportion of those exempt from taxes at 80%, raised the minister, estimating that “this measure is essential to reduce the tax pressure on small and medium incomes”.
In this wake, he noted that this reform will have a cost of more than 5.205 billion dirhams, adding “we will try to include the category of retirees” during the second reading of the PLF-2025. These “fundamental and crucial” tax reforms were accompanied by a range of reforms concerned with the readability of taxes and their accessibility to all, while simplifying procedures and strengthening the fight against tax fraud, in particular by improving control procedures and the gradual generalization of the principle of withholding tax, affirmed Mr. Lekjaa.
