The Moroccan customs broke all its revenue records by collecting 10.58 billion dollars (103.7 billion DH) in 2019 against 10.2 billion dollars (100.8 billion DH) in 2018, an increase of 3%, says the 2019 activity report of the Administration of Customs and Indirect Taxes (ADII).
This performance is mainly due to a remarkable evolution of imports. As for the customs revenue collected, they showed an increase of 3.1% to 94.6 billion DH (1 dollar = 9.8 DH), adds the same source.
Apart from the gas pipeline royalty, all duties and taxes collected by the ADII recorded a positive evolution.
In detail, the report shows that the value added tax (VAT) accounted for 58% of total budget revenue, followed by the domestic consumption tax (TIC) with 31%, then the import duty (10%).
VAT revenues have indeed increased by 3% to 56.1 billion DH, according to the customs, which attributes this performance to a quasi-stagnation of VAT revenues on energy products, offset by a 3% increase in VAT on other products.
Revenues collected under the gas pipeline fee amounted to 1 billion DH, down 34.2% compared to 2018. This result is attributed to the 45.7% drop in volume, mitigated by the 6.4% price increase.
As for the ICT, it progressed by 6% compared to the past year, due to the good performance of all the headings of this tax, namely manufactured tobacco (+5%), energy products (+6%) and other products (+11%).