Retirement: The CMR applies the IR exemption

Retirement: The CMR applies the IR exemption
Retirement: The CMR applies the IR exemption

The Moroccan Pension Fund (CMR) informs beneficiaries of civil and military pensions of the implementation of new measures relating to income tax.

This concerns the application of the new income tax scale, the amount of the annual deduction relating to family expenses as well as the exemption from income tax up to 50% of pensions paid within the framework of basic pension plans, in accordance with Law No. 60-24 relating to the Finance Law for the year 2025, specifies the CMR in a press release.

The net amount of pensions affected by these provisions will increase from January 2025, reports the same source, noting that thanks to this measure, 94% of beneficiaries of basic retirement pensions served by the CMR will now be completely exempt from income tax.

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