Net customs revenue stood at nearly 45.79 billion dirhams (billion dirhams) at the end of August 2021, up 26.6% from their level at the end of August 2020, according to the General Treasury of the Kingdom (TGR) .
This change takes into account refunds, deductions and tax refunds of 60 million dirhams (MDH) at the end of August 2021 against 66 MDH a year earlier, indicates the TGR in its monthly bulletin of public finance statistics (BMSFP) for the month of August.
In detail, net revenue from customs duties at the end of August 2021 reached 7.546 billion dirhams, up 32.5%, taking into account refunds, reliefs and tax refunds of 16 million dirhams. At the end of August 2020, customs duties fell by 5.3% compared to their level at the end of August 2019.
Regarding net revenue from value added tax (VAT) on imports, they amounted to 27.36 billion dirhams at the end of August 2021, an increase of 25.6%. Import VAT refunds were MAD 4 million at the end of August 2021 against MAD 10 million a year earlier.
As for net revenue from the domestic consumption tax (TIC) on energy products, they reached MAD 10.882 billion at the end of August 2021, against MAD 8.703 billion a year earlier.