Morocco's Finance Law for 2016 was published in the Official Gazette on 21 December 2015. The Law includes the introduction of new progressive corporate tax rates, new tax compliance penalties and a number of other changes.
Progressive Corporate Tax Rates
The standard corporate tax rate of 30% is replaced with the following progressive rates:
- up to MAD 300,000 - 10%
- over MAD 300,000 up to 1 million - 20%
- over MAD 1 million up to 5 million - 30%
- over MAD 5 million - 31%
The flat 37% corp…