Net customs revenues amounted to 20.31 billion dirhams at the end of last March, up 8.2% compared to their level at the end of March 2022, according to the Kingdom’s General Treasury (TGR).

These revenues, which come from customs duties, value added tax (VAT) on imports and domestic consumption tax (TIC) on energy products, take into account refunds, rebates and tax refunds of 18 million dirhams at the end of March 2023 against MAD 11 million a year earlier, said the TGR in its recent monthly bulletin of public finance statistics (BMSFP).

This bulletin also points out that gross customs revenues were 20.33 million dirhams at the end of March 2023 against 18.79 million dirhams a year earlier.

The net revenue from customs duties realized at the end of March 2023 reached MAD 3.55 billion against MAD 3.11 billion a year earlier, an increase of 14.2%.

Net revenues from import VAT amounted to 12.86 billion dirhams at the end of March 2023 against 11.91 billion dirhams in the same period of 2022, recording an increase of 7.9%.

Source: Agency Morocaine De Presse