HomeEconomyTax receipts increased by 9.5% at the end of January

Tax receipts increased by 9.5% at the end of January

Tax revenue increased by 9.5% in January 2023, to more than 23.47 billion dirhams (MMDH), thus showing an achievement rate of 9.2% compared to the forecasts of the law of finance (LF), according to the Ministry of Economy and Finance.

Tax refunds, reliefs and refunds, including the share borne by local authorities, amounted to 256 million dirhams (MDH), against nearly 179 MDH in January 2022, indicates the ministry in a document on the situation of charges. and treasury resources (SCRT) of January 2023.

By nature of tax and tax, the main changes that have characterized the behavior of tax revenues show an increase in corporate tax of 288 million dirhams (+16.5%) and an increase in income tax (IR) of 543 MDH (+10.4%), thanks in particular to the revenue generated by the IR on salaries (+631 MDH).

The document also mentions the virtual stability of value added tax (VAT) inside at 3.7 billion dirhams and the increase in import VAT of 558 million dirhams (+15.3%) resulting from the increase in VAT both on energy products (+309 MDH) and on non-energy products (+268 MDH).

Similarly, customs duties increased by 171 MDH (+17.3%) and domestic consumption taxes by 26 MDH (+1%).

Regarding registration and stamp duties, they improved by 432 MDH (+12.5%) following in particular the increase in registration fees (+218 MDH) and the TSAV (+94 MDH) .

Non-tax revenue stood at more than 1.4 billion dirhams against 212 million dirhams at the end of January 2022.

The SCRT is the statistical document that presents, on behalf of the Ministry of Economy and Finance, the results of the execution of the budget law forecasts with a comparison with the achievements of the same period of the previous year. .

While the situation produced by the General Treasury of the Kingdom (TGR) is fundamentally accounting in nature, the SCRT apprehends, as recommended by international standards in terms of public finance statistics, the economic transactions carried out during a budgetary period in describing, in terms of flows, ordinary revenue, ordinary expenditure, investment expenditure, the budget deficit, the financing requirement and the financing mobilized to cover this requirement.



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