With 12 votes in favour, 2 against and one abstention, the Finance Committee of the Chamber of Advisors (Moroccan Parliament) approved by a majority on Monday evening the first part of the Draft Finance Law 2025 (PLF 2025).
The Chamber of Advisors, the second chamber of the Moroccan parliament, represents local authorities, professional chambers and unions.
Its Finance Committee examines economic and budgetary bills, discusses amendments and makes recommendations before they are voted on in plenary sessions.
Of the 231 amendments proposed for this first part of the PLF2025, the government accepted 63, including 27 relating to customs duties and 117 to taxation.
Among these amendments is the one presented by the group of the General Confederation of Moroccan Enterprises (CGEM), aimed at maintaining customs duties on honey packaged in containers of 20 kg or
less.
Regarding import duties applied to certain pharmaceutical products, the Minister Delegate for the Budget, Fouzi Lekjaa, assured MPs that their review will continue via a dedicated committee working in consultation with the Moroccan Ministry of Health and Social Protection.
A notable measure adopted concerns the gradual exemption of retirement pensions from income tax.
A 50 percent deduction will be applied from January 2025, with a full exemption planned for 2026.
In addition, an amendment was validated to tax winnings from games of chance at 30 percent.
The Chamber of Advisors will hold plenary sessions on Wednesday and Thursday to examine and vote on the 2025 Finance Bill, marking a decisive step in the adoption of this crucial bill for the budget year.
SL/te/Sf/fss/as/APA