11 Hrs
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الصحيفة
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Source: الصحيفة
11 Hrsالصحيفة
Source: الصحيفة
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The Finance and Economic Development Committee of the House of Representatives approved the first part of the 2027 Finance Bill by a majority, with 23 MPs voting in favour and 17 against, representing the National Rally of Independents, the Justice and Development Party, and the Left Alliance, after 290 amendments had been tabled. The committee adopted amendments that raise the tax on cigars, increase the annual turnover ceiling for self-employed entrepreneurs from 80,000 to 100,000 dirhams, and reduce the withholding tax applied to them from 30% to 20%. Corporate tax prompted debate over imposing higher rates on quasi-monopolistic sectors. Minister Fouzi Lekjaa explained that the reform sets rates ranging from 0% to 40%, with banks taxed at 40% and telecommunications companies at 35%.
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