Morocco’s 2025 Finance Bill: Tax Reforms, VAT Exemptions, and Customs Changes for Economic Growth

• Morocco is moving forward with comprehensive tax reforms in the 2025 Finance Bill
• The bill aims to balance fiscal responsibility with social equity
• VAT reforms include a temporary exemption for limited imports of certain live animals and agricultural products
• Local government budgets will receive an increased share of VAT revenues to support regional development
• Customs-related measures include exempting local governments from penalties for late electronic payment of duties
• A new infraction penalizes unauthorized possession or use of customs seals
• Sanctions for customs violations have been softened, with provisions for refunding overpaid duties in certain cases
• Specific changes in duties include reducing import duty on bulk honey and increasing import duty on fiber optic cables

Source: moroccoworldnews.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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