Tangier: Removal of the exceptional tax regime

After having benefited, for more than 51 years, from specific tax advantages, the city of the strait will be subject, within almost a year, to the common law regime. Coming into force, according to the 2009 Finance Law and with the exception of companies established in Tangier free zone, « the gradual elimination of the exceptional tax regime aims to ensure balance between the regions », affirmed the regional director of Taxes, Mohamed Chriki, at the end of a meeting organized, Friday January 23, in Tangier, under the theme “The tax provisions of the 2015 Finance Law”. It should be remembered that this preferential tax regime was established by the 1963 Dahir, to give impetus to economic dynamics in Tangier. Companies benefited at the start of the launch of this operation from a reduced rate of 17.5%, planned to be increased annually by 2.5% points. Until this rate reaches 30% (instead of 27.5%) at the end of December of the current year.