Home News Morocco - Customs: record revenues of more than $10 billion in 2019

Morocco – Customs: record revenues of more than $10 billion in 2019

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%).

READ  Details of containment relief measures in Morocco
READ  Details of containment relief measures in Morocco

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%).


Royal Air Maroc – workforce and fleet to be reduced

The airline company Royal Air Maroc is preparing a recovery plan that could involve more or less voluntary departures for a third...

Covid-19 – 186 new confirmed cases in Morocco, 14,565 in total

A total of 186 new cases of infection with the new coronavirus (Covid-19) have been confirmed in Morocco until Tuesday at 10:00...

Royal Air Maroc – three flights per week to each domestic destination starting next week

Domestic flights resumed on Thursday, June 25, at Casablanca's Mohammed V airport by a Royal Air Maroc (RAM) service to the city...

Coffee shops and sports halls reopen in Morocco, accelerating its deconfinement

Morocco announced on Sunday June 21 a new phase of deconfinement as from Thursday June 25 with the reopening of cafes, restaurants...