Morocco: Finance Law Project for the Fiscal Year 2025 (No. 60.24) was adopted

On 18 October 2025, the Finance Law Project for the Fiscal Year 2025 (No. 60.24) was adopted. The law includes provisions regulating customs duties, indirect taxes and public expenditures. The document specifies that all direct and indirect taxes, except those explicitly authorised by law, are prohibited. It outlines the continuation of authorised taxes and fees collection by authorities and allows the government to borrow and use financial tools as needed. The law also details specific adjustments to customs duties for various products. For example, it exempts certain pharmaceuticals and olive oil from import duties and specifies quantities for the import of livestock and meat. Additionally, the law establishes a preferential tax system and imposes a special tax on cement. The document includes provisions for the taxation of gambling winnings and the allocation of funds for various governmental and public entities, specifying the amounts and purposes for which these funds can be used. The law also introduces measures to combat tax evasion and ensure compliance, including the requirement for electronic reporting of gambling winnings and the imposition of fines for non-compliance.