Morocco MOF Posts 2024 Updated Tax Guide for Moroccans Residing Abroad

The Moroccan Ministry of Economy and Finance July 2 posted online the updated 2024 tax guide for Moroccans residing abroad. Topics covered include: 1) a tax exemption on gross annual taxable property income up to 30,000 Moroccan dirhams (US$3,014), that cannot be combined with other income tax exemptions; 2) a social solidarity contribution exemption for the construction of residential housing with the constructed area not exceeding 300 square meters; 3) tax relief on foreign retirement pensions transferred permanently to Morocco, and related documentation requirements; 4) VAT refunds for purchases made in Morocco for consumption abroad; 5) tax exemption criteria for ...