North Africa
Morocco: tax at a glance
A residence-based system. Income tax is progressive up to 37%, corporate tax runs on a reformed scale topping out at 35–40%, and VAT is 20%. There is no net wealth tax and no inheritance tax.
Ways to relocate to Morocco
The residency and citizenship routes that lead here, weighed against the tax picture above.
The taxes
- Personal income (top)
- 37%Income tax (IR) is progressive. The top rate applies to annual income above MAD 180,000, and the first MAD 40,000 is exempt.
- Corporate income
- 20%, rising to 35% for profits of MAD 100m or more, and 40% for banks, insurance and finance companies.
- Capital gains
- Real-estate gains are taxed at a flat 20%, with a minimum of 3% of the sale price. Listed shares are taxed at 15%, and unlisted shares and bonds at 20%.
- VAT / TVA
- 20%
- Dividends (WHT)
- 11.25%, phasing down to 10% by 2027.
- Interest (WHT)
- 10%
- Royalties (WHT)
- 10%
- Social security (employee)
- 6.74%
- Social security (employer)
- 21.09%
- Wealth tax
- None
- Inheritance / estate
- None, though registration duties may apply on transfers.
- Property tax
- Municipal taxe d'habitation and taxe de services communaux apply, based on rental value.
- Other
- A Social Solidarity Contribution (CSS) applies on higher profits and income, extended through 2028. There is also a professional training tax of 1.6%.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Participating
A special regime for new arrivals
An 80% reduction in income tax on foreign-source pensions, provided they are duly repatriated to Morocco (Art. 76 CGI). This stacks with the general pension deduction of 70% on the first MAD 168,000 and 40% above that. Separately, Casablanca Finance City offers employees an optional flat 20% rate for up to 10 years.
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.