Morocco Gazettes 2022 Finance Law

The Moroccan Official Gazette Dec. 20, 2021, published Finance Law No. 76-21 of Dec. 10, 2021. The law includes measures: 1) setting an internal consumption tax on specific electronic products; 2) reducing the tax rate to 26 percent from 31 percent for companies carrying out industrial activities; 3) setting coefficients for various services to determine the tax base; 4) providing VAT exemptions for products and materials used in the manufacturing of photovoltaic panels; 5) setting a 10 percent reduced VAT rate for accommodation operators and photovoltaic panels; 6) setting a minimum social contribution rate at 0.50 percent; and 7) establishing ...