Morocco's Finance Law 2015 was published 25 December 2014. Changes are made in regard to both individual and corporate taxation. The key changes are summarized as follows:
- Employees of companies established in Casablanca Finance City subject to the flat 20% individual income tax rate, may now elect to be subject to the flat tax rate or the standard progressive tax rate, which range from 0% to 38% - the election is irrevocable
- Resident individuals are required to pay income tax on income der…