Morocco 2023 Finance Law Includes New Simplified Corporate Income Tax Rate System

The Moroccan General Directorate of Taxation (DGI) has issued an overview of the main tax measures of the Finance Law for 2023. The main measures are summarized as follows.

New Simplified Corporate Income Tax Rate System

One of the main measures of the Finance Law for 2023 is for the introduction of a new simplified corporate income tax rate system that includes:

• a standard corporate income tax rate of 20%;
• a higher corporate income tax rate of 35% for companies with annual net profits…