Rabat- Customs clearance of imported cars is bringing huge capital benefits to the Moroccan state. In 2017, automotive imports brought more than MAD 5.2 billion in revenue.
Rabat- Customs clearance of imported cars is bringing huge capital benefits to the Moroccan state. In 2017, automotive imports brought more than MAD 5.2 billion in revenue.
According to le360, the Administration of Customs and Indirect Taxes recently released data stating that more than 13,321 used cars have been imported and given customs clearance in 2017, recording a 10 percent decrease compared to the previous year. Twelve thousand of these used cars are over three years old and 183 do not exceed one year since their production.
The funds collected in 2017 from customs clearance amount to MAD 588.4 million, a decrease of 13 percent, compared to 2016. One hundred thirty-eightvehicles imported by Moroccans retirees living abroad have benefited from a discount of 90 percent.
On another note, the Customs Administration registered the import of 143,489 cars, an increase of 2 percent from 2016. This represented a total value of over MAD 21 billion, which resulted in MAD 4.7 billion in state revenue.
