Morocco Parliament Adopts Draft Finance (Budget) Law for 2018

Morocco's Ministry of Economy and Finance has announced that the draft Finance (Budget) Law for 2018 was adopted by parliament on 13 December 2017. Tax measures include:

• The removal of the 30% corporate tax rate bracket (MAD 1 million to 5 million), resulting in the following progressive corporate tax rates:
  • up to MAD 300,000 - 10%
  • MAD 300,001 up to MAD 1,000,000 - 20%
  • over MAD 1,000,000 - 31%
• The introduction of an exemption from registration duty on company formation, capital increases, …