Morocco's Ministry of Economy and Finance has published the draft budget for 2017. The main tax-related aspects of the budget include:
- An anti-avoidance rule that allows the authorities to recharacterize transactions that have been undertaken for the main purpose of evading or reducing taxes, or to obtain benefits from tax incentives;
- A tax exemption for dividends, interest, and rental income for real estate collective investment undertakings, subject to the following conditions:
- The sole ac…