Heba Press / Economic Section
The Ministry of Economy and Finance indicated that tax revenues amounted to more than 174.10 billion dirhams during the first seven months of 2024, representing a growth of 11.6% compared to the same period last year.
The ministry explained in a document on the state of expenditure and resources of the Treasury as of last July, that these receipts recorded a completion rate of 64.3 percent compared to the expectations of the finance law.
The same source indicates that net payments, settlements and tax refunds, including the share borne by local authorities, amounted to 11.5 billion dirhams, compared to 8.5 billion dirhams at the end of July 2023.
According to the nature of taxes, the most significant developments that characterized the performance of tax revenues showed that corporate tax revenues recorded a completion rate of 70.4 percent and an increase of 13.5 percent, mainly due to the improvement in establishment supplement revenues (plus 2.3 percent). billion dirhams). The first two tranches (plus 1.3 billion dirhams) and corporate tax withheld at source on fixed-income employment income, bonuses granted to others and share income (plus 1.3 billion dirhams).
For their part, income tax revenues recorded a completion rate of 66.4%, and an increase of 11.9 billion dirhams, mainly reflecting the improvement in revenues generated by income tax on salaries (up 1.2 billion dirhams) and income tax on profits. Real estate (up 0.5 billion dirhams) and the production of permanent income investments, profits from real estate transfers and the professional tax (up 0.8 billion dirhams).
The value added tax, for its part, increased by 5.4 billion dirhams, with a completion rate of 59.4%. These revenues benefited from the increase in the domestic value added tax (up 17.3 percent) and those related to the value added tax on imports (up 9 percent).
As for domestic tax revenues on consumption, they recorded a realization rate of 61.5 percent and a growth of 9.4 percent, mainly due to an improvement in the domestic tax on the consumption of energy products (up 10.7 percent) and tobacco (up 5.4 percent).
For their part, customs duty revenues recorded a completion rate of 67.1 percent and an increase of 17.8 percent, while registration and registration fee revenues increased by the equivalent of 1.5 percent, with a completion rate of 66.3 percent.
The document relating to the state of treasury allocations and resources is considered a statistical document which presents the results of the implementation of the expectations of the Finance Law by adopting a comparison with the achievements recorded during the same period of last year.
