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Tax revenues up by double digits in first half

Tax revenues reached greater than 151.7 billion dirhams (MMDH) in the course of the first six months of 2024, up 10.9% in comparison with the identical interval a yr earlier, based on the Ministry of Financial system and Finance.

These receipts confirmed an achievement price of 56% in comparison with the forecasts of the finance regulation (LF), specifies the ministry in its doc on the scenario of the fees and sources of the Treasury (SCRT) of final June.

The reimbursements, tax reductions and refunds, together with the share borne by native authorities, amounted to 10.3 billion dirhams, signifies the identical supply.

By kind of tax and obligation, the primary developments that characterised the habits of tax revenues reveal that company tax (IS) recorded a realization price of 66.6% and elevated by 4.7 billion dirhams, primarily because of the enchancment in revenues from the regularization complement (+2.3 billion dirhams) and the primary two installments (+1.3 billion dirhams), in addition to the IS withheld at supply on fixed-income investments, remuneration allotted to 3rd events and share revenue (+1.1 billion dirhams).

Worth added tax revenues elevated by 4.7 billion dirhams, with a realization price of fifty.2%. These revenues benefited from the rise in home VAT (+2.9 billion dirhams) and that on imports (+1.8 billion dirhams).

As well as, the ministry emphasizes that revenues from home consumption taxes recorded a realization price of fifty.6% and a development of 1.1 billion dirhams, primarily attributable to an enchancment in home consumption taxes (TIC) on vitality merchandise (+0.8 billion dirhams).

Relating to customs duties, their revenues reached a realization price of 57.4% and elevated by 1.4 billion dirhams, whereas revenues from registration and stamp duties elevated by 0.3 billion dirhams, with a realization price of 59.2%, because of the rise within the annual particular tax on automobiles (+99 million dirhams), the tax on insurance coverage contracts (+78 million dirhams) and registration charges (+77 million dirhams).

The SCRT is the statistical doc which presents, on behalf of the Ministry of Financial system and Finance, the outcomes of the execution of the LF forecasts with a comparability with the achievements of the identical interval of the earlier yr.

Whereas the scenario produced by the Basic Treasury of the Kingdom (TGR) has a basically accounting nature, the SCRT apprehends, as really helpful by worldwide requirements in public finance statistics, the financial transactions carried out throughout a budgetary interval by describing, by way of flows, strange revenues, strange expenditure, funding expenditure, the finances deficit, the financing requirement and the financing mobilized to cowl this requirement.

LNT with MAP


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– 2024-07-28 11:28:21

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