On 12 June 2017, Morocco published the Finance Law for 2017 (Law No. 73-16) in the Official Gazette. The law provides for the budget measures for 2017, including:

• 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, …