Morocco Lower House Considers 2026 Finance Bill

The Moroccan Chamber of Representatives Oct. 20 accepted for consideration Bill No. 50-25, the 2026 Finance Bill. The bill includes measures to: 1) impose a 12 percent ad valorem tax on imported timber, with exemptions for specific raw and assembled wood products; 2) expand the scope of withholding taxes on rental income, financial products, and distributed profits; 3) provide a five-year corporate tax exemption for sports clubs; 4) clarify taxable products and set a 40 percent tax rate for financial institutions; 5) expand VAT exemptions, including on fertilizers, agricultural growing media, qualifying companies’ investment goods, metals, and sales by public ...