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Fez – Morocco’s General Treasury (TGR) reported this week that the country’s net customs revenues reached more than MAD 70.89 billion ($ 7.58 billion) in 2021, up 23.8% compared to 2020.
In its monthly bulletin of public finance statistics, the TGR reported that customs rights’ revenues from the value added tax (VAT) on imports and domestic consumption tax (TIC) on energy products are calculated taking into account refunds, rebates, and tax refunds of MAD 121 million ($ 13 million).
The net revenues from customs rights rose by 26.4% to MAD 11.82 billion ($1.26 billion) taking into account refunds, rebates and tax refunds of MAD 26 million dirhams.
Meanwhile, net revenue from import VAT reached MAD 42.37 billion ($4.53 billion), indicating an increase of 24.6%.
TGR further reported that the net revenues of domestic consumption tax related to energy products exceeded MAD 16.69 billion ($1.78 billion), climbing by 20.1% compared to December 2020.
At the same time, gross customs revenues reached more than MAD 71 billion ($7.59 billion), up 23.8% compared to the end of December 2020.
