Morocco Draft Finance Bill for 2019 Includes Corporate Tax Changes

The Moroccan government reportedly tabled the draft Finance Bill for 2019 in parliament on 19 October 2018. Some of the key measures of the bill include:

• A reduction in the corporate tax rate for the second bracket by 2.5%, resulting in the following brackets/rates
  • up to MAD 300,000 - 10%
  • over MAD 300,000 to 1 million – 17.5%
  • over 1 million - 31%
• The introduction of a 2.5% solidarity contribution on companies with taxable profits exceeding MAD 40 million;
• An increase in the minimum tax on…