Customs Revenue Shows Modest Increase Through February
Rabat – Morocco's customs revenues have shown resilience in the early months of 2025, with net receipts reaching MAD 14.735 billion ($1.47 billion) by the end of February.
According to the Kingdom's General Treasury ( TGR ), this represents a 1.3% increase compared to the same period last year.
The report detailed that customs revenue is derived from three main sources: customs duties, Value Added Tax (VAT) on imports, and the Domestic Consumption Tax (TIC) on energy products.
These figures account for tax refunds, relief, and restitutions of MAD 8 million ($0.8 billion) by the end of February this year, added the report.
Meanwhile, gross customs revenues also showed positive momentum, reaching MAD 14.742 billion ($1.47 billion) by February's end, up 1.2% compared to the same period in 2024.
Despite the overall increase, performance varied across revenue streams. Net customs duties declined by 5.9%, totaling MAD 2.632 billion ($0.26 billion) compared to MAD 2.797 ($0.27 billion) billion a year earlier.
VAT on imports emerged as the strongest performer, with net receipts of MAD 9.243 billion ($0.92 billion), representing a 4.8% increase from MAD 8.822 billion ($0.88 billion) collected by February 2024.
However, this category showed mixed results VAT on energy products decreased by 11.4%, while VAT on other products rose by 8.5%.
The Domestic Consumption Tax on energy products experienced a slight decline, with net revenues falling 2.4% to MAD 2.86 billion ($0.28 billion) from MAD 2.929 billion ($0.92 billion) in the previous year.
This calculation includes tax refunds and relief of MAD 4 million ($0.4 million), down from MAD 15 million ($1.5 million) in the comparable period. Gross TIC receipts for energy products similarly decreased by 2.7%, totaling MAD 2.864 billion ($0.28 billion) compared to MAD 2.944 billion ($0.29 billion) a year earlier.
These figures suggest Morocco's customs system continues to generate steady revenue despite fluctuations in individual tax categories, with import VAT compensating for declines in other areas. Tags: custom revenuesEconomy in morocco
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