Morocco Corporate income tax rate
Morocco Corporate income tax rate is 20 percent, in force since 1 Jan 2026. Last checked against the official source on 17 Jul 2026.
Standard/headline corporate income tax rate on resident company profits, from the national tax authority or Code Général des Impôts.
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| Current value | 20 percent |
|---|---|
| In force from | 2026-01-01 |
| Official source | Direction Générale des Impôts — Code Général des Impôts 2026, Article 19 (taux de l'impôt sur les sociétés) |
| Last verified | 2026-07-17 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
The four-year IS convergence reform launched by the Loi de finances 2023 is now COMPLETE: for fiscal years beginning on/after 1 January 2026 the standard target rate is 20%, reached via the phased schedule 12.5% (2023) → 15% (2024) → 17.5% (2025) → 20% (2026). 20% applies to companies with net profit below MAD 100,000,000 — this covers the large majority (~98%) of Moroccan companies and is the headline rate served here. The scale is TIERED by profit but PROPORTIONAL, not truly progressive: a company with net profit ≥ MAD 100,000,000 is taxed at 35% on its WHOLE profit (CGI 2026, Art. 19-I-B), and credit institutions and assimilated bodies, Bank Al-Maghrib, CDG, insurance and reinsurance companies pay 40% (Art. 19-I-C — Art. 19-II is abrogé; the financial-sector rate sits inside 19-I). Three categories are excluded from the 35% tier even above the threshold: Casablanca Finance City service companies, industrial-acceleration-zone companies, and companies created from 2023 under a State investment convention of ≥ MAD 1.5 billion over 5 years (they converge to 20% per Art. 247-XXXVII-A(2)); LF 50-25 (2026) added a 5-exercise exclusion for microfinance companies constituted as SA under the 40% rate. ANTI-YO-YO RULE in Art. 19-I-B: once a company has been at 35%, falling back under MAD 100M only restores 20% when net profit stays below that amount for THREE consecutive exercises (non-current income excluded from the test). Rates apply per exercice ouvert (Art. 247-XXXVII-A: « 35%, au titre de l'exercice ouvert à compter du 1er janvier 2026 »). Enacting instruments per the CGI's own footnotes: Art. 6 LF n° 50-22 (2023, the convergence and rates), Art. 6 LF n° 55-23 (2024, the below-100M refinement), Art. 7 LF n° 50-25 (2026). A minimum contribution (cotisation minimale, CGI Art. 144) of generally 0.25%–0.5% of turnover applies as a floor. Tax-year basis is the company's exercice comptable. Re-verified 2026-08-07 directly against the CGI 2026 text (Article 19 read in full, twice independently) after an outside audit claimed the 35% bracket was omitted here — it was already recorded in this note, and the audit's underlying figures agree with ours.
Get it programmatically
curl https://afriref.dev/v1/ma/corporate-tax
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/ma/corporate-tax/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/ma/corporate-taxOther Morocco series: Bank Al-Maghrib key policy rate (taux directeur) · Statutory legal interest (taux légal) · VAT standard rate (TVA taux normal) · VAT registration threshold · Minimum wage · Public holidays · CPI inflation (year-on-year) · Withholding tax rates · Personal income tax brackets · Statutory social-insurance contributions
The same figure elsewhere: Mozambique · Namibia · Niger · Nigeria · Republic of the Congo · all 34