Corporate tax led the surge, climbing 28.6% to 91.4 billion dirhams, up from 71.1 billion dirhams in 2024, reflecting stronger company results and the impact of recent fiscal reforms, he said. Value-added tax revenues rose to 97.7 billion dirhams, compared with 89.3 billion a year earlier. Income tax receipts increased 9.4% to 65.4 billion dirhams, despite the cost of an ongoing reform estimated at 8 billion dirhams, Lekjaa said. Between 2021 and 2025, Morocco’s tax revenues rose by 127 billion dirhams, representing an average annual increase of 12.4%, driven by restructuring measures and improved compliance. The government also allocated 4 billion dirhams to the national electricity and water utility and 5.5 billion dirhams to the livestock rebuilding program.

Source: The North Africa Journal January 28, 2026 11:11 UTC