The Finance Law of 2015 has put measures in place to reform the Moroccan tax system. These measures are aligned with the government’s General Tax Direction for the period 2012-17. Here, we present the key measures included in the Finance Law of 2015. 1. CORPORATE INCOME TAX (CIT) A. Extension of Casablanca Finance City (CFC) status to...
Morocco hosts one of the most developed insurance industries in Africa. The sector is dominated by nonlife lines, and in particular compulsory car insurance. Plans are in place to make several other forms of insurance compulsory but these have yet to be implemented. Market share is concentrated in the hands of a small number of mostly locally...
The Moroccan insurance industry is one of the kingdom’s largest sectors of institutional investors. It is heavily invested in local equities, which has given rise to concerns that this is exposing it to high levels of risk. However, plans to gradually introduce new solvency regulations should mitigate this by making insurers choose between...
Which segments offer the most potential to extend insurance penetration in Morocco?
Morocco’s trade balance improved substantially in 2014 and is set to perform better still in 2015 thanks to factors such as lower oil prices and improving conditions in major export markets, though it is set to maintain a large trade deficit for the foreseeable future. Levels of inward foreign direct investment (FDI) have grown substantially...
In line with a global trend to increase private sector activity in infrastructure development, Morocco is now host to several major public-private partnership (PPP) projects, including the kingdom’s largest power station and port at Jorf Lasfar and Tanger-Med, respectively. PPP success has left the government keen to boost the number of such...
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