The Moroccan government reportedly tabled the draft Finance Bill for 2019 in parliament on 19 October 2018. Some of the key measures of the bill include:
- A reduction in the corporate tax rate for the second bracket by 2.5%, resulting in the following brackets/rates
- up to MAD 300,000 - 10%
- over MAD 300,000 to 1 million – 17.5%
- over 1 million - 31%
- The introduction of a 2.5% solidarity contribution on companies with taxable profits exceeding MAD 40 million;
- An increase in the minimum tax on…