Morocco is a unitary sovereign state located in the Maghreb region of North Africa. Geographically, Morocco is characterized by a rugged mountainous interior, large tracts of desert and a lengthy coastline along the Atlantic Ocean and the Mediterranean Sea.
Morocco claims the non-self-governing territory of Western Sahara as its Southern Provinces. Morocco annexed the territory in 1975, leading to a guerrilla war with indigenous forces until a cease-fire in 1991. Peace processes have thus far failed to break the political deadlock.
Currency: Moroccan dirham
Timezone: UTC / DST: UTC+1 (except during Ramadan)
Corporate tax rate: 10-31% – Territorial tax system only income generated from activities in Morocco is taxed.
Personal tax rate: 0-38% – Wordwide income is taxed.
Capital gains tax: 20% – Territorial tax system only income generated from activities in Morocco is taxed.
Tax residence: 183 days rule and center of economic interest rule: income generated from activities in Morocco is taxed.
CFC Rules: No
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