The fiscal system in the Béni Mellal-Khénifra region aligns with national fiscal policy and encompasses all tax measures applicable to businesses and projects. This includes Income Tax (IR), Corporate Tax (IS), Value Added Tax (VAT), as well as Registration and Stamp Duties.

Tax incentives in the region vary by sector. For instance, the industrial sector benefits from significant reductions in corporate tax, while the renewable energy sector enjoys customs duty exemptions for the import of specific equipment. Companies focused on technology or infrastructure projects can benefit from a reduced rate of 17.5% for corporate tax during the first five years, followed by a 20% rate for foreign currency earnings, particularly in the industrial acceleration zone currently being developed in the Khouribga province. Social housing projects and vocational training initiatives also benefit from VAT exemptions on equipment and educational materials. Additionally, further tax advantages for structural investments can be obtained through state conventions. Interested companies must submit an investment dossier to the Regional Investment Center (CRI), which evaluates the dossier regionally before forwarding it to the Moroccan Agency for Investment and Export Development (AMDIE) for validation. It is essential to provide all required documents and demonstrate how the investment meets eligibility criteria for these incentives.

Legally, Morocco offers robust protection for investments. The legal framework includes guarantees against non-commercial risks, free transferability of capital, and protection against expropriation without fair compensation. Furthermore, Morocco has signed Promotion and Protection of Investments Agreements (APPI) with numerous countries, creating a safe and predictable investment environment. These agreements provide additional assurances against political risks and ensure fair and equitable treatment of investments, thereby enhancing the attractiveness of the Béni Mellal-Khénifra region for international investors.

BMK Investment Insight (E-Data)

BMK Figures