Moroccan Tax Changes for 2015

Morocco's Finance Law 2015 was published 25 December 2014. Changes are made in regard to both individual and corporate taxation. The key changes are summarized as follows:

• Employees of companies established in Casablanca Finance City subject to the flat 20% individual income tax rate, may now elect to be subject to the flat tax rate or the standard progressive tax rate, which range from 0% to 38% - the election is irrevocable
• Resident individuals are required to pay income tax on income der…