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Morocco Latest News
Home Economy

Customs revenue increases by 23.8% in 2021

4 months ago
in Economy
Customs revenue increases by 23.8% in 2021
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Net customs revenue reached more than 70.89 billion dirhams (MMDH) for the year 2021, up 23.8% compared to their level at the end of December 2020, according to the General Treasury of the Kingdom (TGR ).

These receipts, which include customs duties, value added tax (VAT) on imports and the domestic consumption tax (TIC) on energy products, take into account tax reimbursements, reliefs and refunds of 121 million dirhams (MDH), specifies the TGR in its monthly public finance statistics bulletin (BMSFP) of December 2021.

At retail, revenue net of customs duties increased by 26.4% to more than 11.82 billion dirhams, taking into account refunds, tax relief and refunds of 26 million dirhams.

Net revenue from import VAT amounted to 42.37 billion dirhams, recording an increase of 24.6%.

As for net revenue from ICT on energy products, it exceeded 16.69 billion dirhams, an improvement of 20.1% compared to its level at the end of December 2020.

Gross customs revenue reached more than 71 billion dirhams, up 23.8% compared to the end of December 2020.

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Tags: Customs revenueTGRTICVAT
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