Rabat – Customs receipts have totalled in 2011 MAD78.7bn ($9bn) against MAD73.6bn in 2010, i.e. a growth of 7 pc, the Customs and indirect tax administration (ADII) revealed Tuesday.
Despite the tariff dismantling and the reform of the fiscal scheme, the Customs’ receipts continued to grow for the past two years, following a slight drop in 2009. They now contribute 42.7 pc to the total fiscal receipts in Morocco, up from 42.3 pc in 2010, ADII said in its annual report.
The increase is due to a 14.8 pc growth in the VAT thanks to the hike of the world oil prices, and the increase of the taxable basis of the VAT, the customs said, noting also a 3.4 pc progression in internal taxes due to the increase in receipts on energy products and alcoholic and non-alcoholic drinks.
The gas pipeline transit fees also augmented 49.2 pc, and their contribution edged up 0.7 pc to 2.7 pc of the overall tax receipts.
