In a context marked by an improvement in the economic outlook after several years of international disruption, the General Confederation of Moroccan Enterprises (CGEM) has formulated its proposals for the 2025 Finance Law. The recommendations aim to support economic growth while responding to the persistent challenges, such as climate impacts on the economy and the financial difficulties of very small, small and medium-sized enterprises (SMEs).
Economic Context in 2025
For 2025, economic forecasts are more optimistic, with stabilized inflation, a recovery in consumption and investment dynamics, particularly in view of the 2030 World Cup. However, the effects of past disruptions continue to be felt, particularly on companies and their cash flow. These factors have influenced the CGEM’s proposals, which aim to lay the foundations for sustainable growth, creating jobs and wealth.
Main Transversal Proposals
- Labor Tax Relief
The CGEM proposes a progressive reduction in the income tax (IR) scale over three years, with a target marginal rate of 35% by 2027. It also suggests extending the exemption ceiling for severance pay. to 2 million dirhams from the age of 50 and to increase the threshold for exemption from the basket premium to 50 dirhams. - Evolution of Professional Tax
The proposals include maintaining the five-year exemption for new businesses and modifying the tax base to align it with Gross Operating Surplus (EBE), regardless of ownership of the premises. The CGEM also recommends simplifying the method of liquidation of this tax. - Implementation of an Adapted Green and Carbon Tax
The CGEM recommends establishing a tax on the polluter pays principle, initially limited to five sectors for a test phase. In the long term, an emissions trading system (ETS) could be put in place to structure carbon pricing. - Improvement of Tax Neutrality of Restructurings
It is proposed to extend the special regime for mergers to partial divisions and contributions of assets, and to allow the contribution of assets at their book value to avoid discrepancies between accounting and taxation. - Other Tax and Customs Proposals
The CGEM recommends simplifying the payment of corporate tax (IS) installments, increasing the deductibility threshold for passenger vehicles, revising the scope of VAT for greater neutrality, and adjustment of customs duties and taxes on import inputs.
Targeted and Sectoral Measures
- Development of Start-ups
The CGEM proposes to introduce a definition of small businesses with high potential in the General Tax Code (CGI), to set up incentive schemes through the free allocation of shares, and to improve the systems of tax breaks for investors. - Promotion of the Public Call for Savings
The proposals include increasing the contribution to 20% for capital incentive mechanisms and deferring taxation on the sale of securities. - Waste Recovery
The CGEM recommends applying VAT on the margin of recycled plastic products alone, aiming to encourage recycling while limiting the tax burden. - Energy Transition
In order to make the cost of stored kilowatt-hour more competitive, it is proposed to reduce customs duties on electricity storage batteries. - Other Sectoral Measures
The proposals include the reduction of VAT for certain agro-industry products, the exemption of customs duties on frozen tuna for canned fish, and the mandatory application of reverse charge on purchases of new scrap metal. .
LNT
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