Morocco’s customs revenue reached MAD 65 billion ($7.22 billion) through August, an 8.3% increase compared to the same period last year.
The Moroccan treasury reported in its monthly bulletins the strong growth in customs collections as economic activity continues to expand.
The growth in the country’s customs revenue is due to an increase in customs duties, value-added tax on imports, and domestic consumption tax on energy products.
The treasury’s report indicated that the net amount registered its growth after accounting for refunds, exemptions, and tax returns totaling MAD 63 million ($7 million).
Different revenue streams showed varying levels of growth during the eight-month period, according to Morocco’s treasury.
Net customs duties generated MAD 10.827 billion ($1.20 billion), rising 3.7% from the previous year, representing the smallest increase among the major revenue categories.
As for value-added tax collections on imports, this category constituted the largest portion of Morocco’s customs revenue, performing better and reaching MAD 40.534 billion ($4.5 billion) with a 7.1% yearly increase.
The strongest growth came from domestic consumption tax on energy products, which jumped 16.1% to reach MAD 13.635 billion ($1.51 billion).
Treasury officials calculated this figure after subtracting payments, reductions, and tax refunds worth MAD 41 million ($4.5 million).
The steady growth in customs revenue reflects Morocco’s continued economic recovery and rising import activity.
Energy-related taxes showed strong performance, likely due to increased consumption and higher energy prices, the report notes.
The treasury’s figures display Morocco’s ability to maintain revenue collection growth while managing various tax exemptions and refund programs that support different sectors of the country’s economy.
