Morocco Tax Agency Posts Circular on Tax Measures Under Finance Law for 2025 Budget Year

The Moroccan General Tax Administration March 7 posted online Circular No. 736, on tax measures under Finance Law No. 60-24 for the 2025 budget year. Topics covered include: 1) the increase to 400,000 Moroccan dirhams (US$41,115) from 300,000 dirhams (US$30,836) in the deductible depreciation allowance threshold for passenger transport vehicles acquired from Jan. 1; 2) the increase to 40,000 dirhams (US$4,111) from 30,000 dirhams (US$3,083) in the lowest bracket of the progressive income tax (IR) scale, for income other than land acquired from Jan. 1, and property income collected from Jan. 1; 3) the decrease to 37 percent from 38 ...