Morocco’s customs revenues reached MAD 76.28 billion by the end of October 2024, marking a 9.8% increase compared to the same period last year, according to the General Treasury of Morocco (TGR).
Customs revenues include collections from customs duties, import value-added tax (VAT), and domestic consumption tax (TIC) on energy products. The figure also accounts for refunds, rebates, and tax returns totaling MAD 99 million by the end of October, up from MAD 62 million the previous year, as noted in the TGR’s Monthly Bulletin of Public Finance Statistics (BMSFP).
Customs duties totaled MAD 13.35 billion, a 5.3% rise from October 2023, while net revenues from import VAT climbed 10.9% to MAD 48.06 billion.
Net revenues from TIC on energy products reached MAD 14.86 billion, representing a 10.5% increase from the same time last year, after considering refunds, rebates, and tax returns amounting to MAD 53 million.