The General Treasury of the Kingdom (TGR), reported that the tax revenues of local authorities reached 29 billion dirhams (MMDH) during the first ten months of this year, up 8% compared to the same period of 2021.
In its recent monthly bulletin of local finance statistics (BMSFL), the TGR explains that this increase covers a 0.2% drop in direct taxes and a 14.8% increase in indirect taxes.
Tax revenue constituted 79.7% of the overall revenue of local authorities, adds the same source, noting that the resources transferred thus amounted to 22.5 billion dirhams, up 10% compared to the end of October 2021.
This results from the increase in the share of local authorities in the product of value added tax (VAT) of 1.68 billion dirhams, the share of the regions in the product of corporate tax (IS) and income tax (IR) of 394 million dirhams (MDH), support funds (+313 MDH) and the share in the product of the tax on insurance contracts (+239 MDH), combined with the decrease in subsidies (-575 MDH).
As for resources managed by the State on behalf of local authorities, they fell by 3.7% to 6.78 billion dirhams, while resources managed by local authorities increased by 12.5% to over of 7 billion dirhams.