OECD: Morocco’s 35% Corporate Tax Rate Among the World’s Highest in 2026

Marrakech – Morocco applies one of the highest statutory corporate income tax rates in the world, according to the OECD’s Corporate Tax Statistics 2026, the eighth edition of the organization’s flagship publication on corporate taxation.

The report covers the 146 members of the Inclusive Framework on base erosion and profit shifting (BEPS) as of January 1, 2026. Morocco’s combined central and sub-central rate stands at 35.0%. Only France, at 36.1%, is higher. Colombia and Malta match Morocco at 35.0%.

That position follows a recent increase. From 2025 to 2026, Morocco raised its statutory rate by one percentage point, one of only four jurisdictions to do so, alongside Korea, Lithuania, and San Marino. Over the same period, Honduras cut its rate by five points, while Cabo Verde and Portugal each cut theirs by one.

Morocco’s rate sits far above the global average. Across the 146 jurisdictions covered, the average statutory rate was 21.2% in 2026, the same level recorded in 2020. The average for 27 African jurisdictions was 26.6%, compared with 24.2% for OECD members, 21.1% for Latin America and the Caribbean, and 20.6% across Asia and the Pacific.

The stability of recent years follows two decades of decline. The average combined rate fell from 28.0% in 2000 to 21.5% in 2019 before leveling off. Comparing 2000 with 2026, 113 jurisdictions had lower rates, 18 were unchanged, and 15 were higher.

High statutory rates remain uncommon across the jurisdictions the OECD covers. Of the 146 members of the Inclusive Framework, 25 applied rates at or above 30% in 2026.

The largest cluster, 74 jurisdictions, fell between 20% and 30%. Another 33 sat between 10% and 20%, and 14 came in below 10%. Among the latter group, 11 had no corporate tax regime or a rate of zero, while Barbados, Hungary, and the United Arab Emirates each applied 9%.

That distribution marks a shift from the start of the century. The number of jurisdictions taxing corporate profits at 10% or more but below 30% nearly tripled between 2000 and 2026, rising from 40 to 107. The 10% to 20% band more than tripled over the same period, from nine jurisdictions to 33. Rates below 10% barely moved, falling from 16 jurisdictions to 14.

Rate changes were also rare this year. Four jurisdictions raised their statutory rate in 2026, and three lowered it, leaving 139 unchanged.

The composition of that small group matters for how Morocco’s position reads. The OECD attaches a note to France’s 36.1% rate, explaining that the increase stems from an exceptional corporate income tax surcharge applying in 2026. San Marino’s one-point increase carries a similar qualification, described as temporary for a five-year period starting from 2026.

No comparable note accompanies Morocco’s rate, which appears in the database as the kingdom’s standard statutory rate rather than a time-limited measure.

CbCR data and revenue trends

Morocco also appears in the report’s country-by-country reporting (CbCR) statistics for fiscal year 2023, which cover more than 9,400 multinational enterprise groups headquartered in 60 jurisdictions. Rabat submitted its data with all foreign jurisdictions combined rather than a detailed geographic breakdown.

The report describes reported multinationals as ranging from a minimum of two in Morocco to 2,098 in the United States. Filings from Morocco averaged $4.19 billion in unrelated party revenues, $4.73 billion in tangible assets, $72 million in income tax accrued, and 11,500 employees per group.

Those figures fit into a wider picture of corporate tax collection. In 2023, corporate income tax accounted for 17.3% of total tax revenues and 3.5% of GDP on average across the 135 jurisdictions with revenue data, both marginally down from 2022 but above pre-pandemic levels.

African jurisdictions drew 21.4% of total tax revenues from corporate income tax, the highest regional share, against 11.9% in the OECD.

Large multinationals remain central to those receipts, contributing an average of 44.5% of total corporate tax revenues in 2023, up from 42.8% in 2017.

The OECD also reports continued signs of profit shifting. Median revenues per employee reached $1.81 million in investment hubs, against $477,000 in high-income jurisdictions and $211,000 in middle-income ones. Related party revenues exceeded 30% of total revenues in investment hubs, compared with 14% in middle-income jurisdictions.

The report cautions that these indicators may partly reflect economic turbulence and high inflation during 2023.