Morocco’s corporate income tax (IS) continued to perform strongly during the first seven months of 2026. Revenue from corporate income tax reached MAD 69.45 billion by the end of July, compared with MAD 55.6 billion during the same period in 2025. This represents an increase of nearly 25%, or approximately MAD 13.84 billion.

A major contributor to higher tax revenue

The increase in corporate income tax has become one of the main drivers behind the improvement in Morocco’s tax revenue.

Overall tax revenue reached MAD 223.8 billion at the end of July, up 10.9% year-on-year. The increase in corporate income tax alone accounts for nearly two-thirds of the overall increase in tax revenue, estimated at MAD 22 billion.

73.5% of the annual target already achieved

The government had projected annual corporate income tax revenue of approximately MAD 94.5 billion for 2026. By the end of July, 73.5% of this annual target had already been achieved.

The Ministry of Finance attributes the strong performance mainly to spontaneous tax payments, including the second installment, the first installment and tax regularization payments.

Corporate tax overtakes VAT in the tax structure

Another significant development is the growing weight of corporate income tax in Morocco’s tax structure.

In 2026, corporate income tax represents approximately 31% of total tax revenue, compared with 27% in 2025. By contrast, VAT’s share declined slightly from 28% in 2025 to 27% in 2026.

Other tax revenues

VAT revenue reached approximately MAD 69 billion, representing an increase of 6.5%. Domestic consumption taxes generated MAD 23.3 billion, up 4.8%, driven partly by higher revenue from energy products and tobacco. Personal income tax revenue reached MAD 42.9 billion, representing a more moderate increase of 1.8%.

A positive signal for public finances

The strong performance of corporate income tax provides additional support for Morocco’s public finances.  However, maintaining this momentum will depend on continued economic activity, corporate profitability and investment.

The figures confirm the growing importance of corporate taxation in Morocco’s fiscal structure and underline the need to maintain a balance between revenue mobilization, business competitiveness and investment capacity.