With the continued tax increase on alcohol and other harmful products, the leading governing party Moroccan Justice and Development Party aims at reducing consumption of harmful substances in order to protect Moroccans from addiction…

Morocco’s revenues on alcoholic drinks, tobacco, and gambling will increase with a surtax that aims at protecting Moroccans

Morocco’s revenues related to the consumption tax on alcoholic drinks, cigarettes and gambling are expected to exceed MAD 10 billion in 2017.

Tax revenues from alcoholic beverages of all types are expected to hit MAD 1.253 billion. Profits from wine and spirits sales should generate MAD 521 million while the tax and parafiscal revenues associated with the consumption of beer will be around MAD 732 million for next year.

The revenues from the domestic consumption tax on these products have been gradually rising since 2012 and will reach peak levels in 2017.

With the continued tax increase on alcohol and other harmful products, the leading governing party Moroccan Justice and Development Party aims at reducing consumption of harmful substances in order to protect Moroccans from addiction.


Source Website: Morocco World News