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Morocco’s Customs Revenues Up 1.2% in 2023

Morocco’s customs revenues hit 132.6 Bln MAD in 2023, up from 131 Bln MAD in 2022, showing a 1.2% increase, according to the Customs and Indirect Taxes Administration (ADII).

Customs receipts achieved “a new all-time record” in the previous year, confirming the growing trend seen in prior years, ADII pointed out in its 2023 activity report.

This performance was primarily driven by an uptick in import duty revenues and the evolution of the local consumption tax, particularly on manufactured tobacco.

Customs revenues exceeded predictions by 1.28%, or MAD +1.59 Bln, when compared to the 2023 finance bill.

The share of Value Added Tax (VAT) in budgeted customs receipts decreased by two points, from 63% in 2022 to 61% in 2023. In terms of progression, VAT receipts fell 3.2% from 2022 to 75.3 Bln MAD, compared to MAD 77.8 Bln MAD the previous year.

Although the Domestic Consumption Tax proportion of budget customs revenue decreased by one point, from 26% in 2022 to 25% in 2023, it maintains its increasing trend, with a gain of 3.7% in 2023, or 1.2 Bln MAD.

Import duty revenues peaked at 18%, representing a 2.5 Bln MAD gain over 2022 levels.