Net customs revenues reached €1.32 billion (DH14.548 billion) at the end of February 2024, up 14.6 percent on the previous year, according to the Kingdom’s General Treasury (TGR).
These customs revenues, which include customs duties, value-added tax (VAT) on imports and domestic consumption tax (TIC) on energy products, also include tax refunds, rebates and restitutions worth
€1.8 million (DH20 million) at the end of February 2024, compared with €1.2 million, the equivalent of DH14 million, a year earlier, the TGR said in its monthly bulletin of public finance statistics (BMSFP).
In addition, gross customs revenue stood at €1.3 billion (Dh14.568 billion) at the end of February 2024, up 14.7 percent on the same period the previous year, according to the same source.
In detail, net revenues from customs duties reached 254.6 million euros (MAD 2.797 billion) at the end of February, an increase of 21.8 percent, compared with the previous year. Net revenue from VAT on imports reached 803.1 million euros (8.822 billion dirhams) at the end of February, up 8.8 percent on the previous year.
VAT on energy products, on the other hand, fell by 6.1 percent, while VAT on other products rose by 13 percent.
Net revenues from ICT on energy products amounted to 266.6 millioneuros (MAD 2.929 billion) at the end of February, up 28.3 percent on the same period last year, after adjustments for tax refunds, rebates and restitutions worth 1.3 million euros (MAD 15 million) at the end of February 2024, compared with 63.72 thousand euros (MAD 7 million) a year earlier.
Gross revenue from ICT on energy products totalled 268 million euros (MAD 2.944 billion) at the end of February, up 28.6 percent on the same period last year.
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