The Finance, Planning and Economic Development Committee of the House of Councillors adopted by a majority the first part of the 2025 Finance Bill.
During a meeting held on Monday, the first part of the Finance Bill was approved by 12 votes to 2, with one abstention.
The government accepted 63 amendments out of 231 proposed for the first part of the Bill, including 27 customs amendments and 117 tax amendments.
The government also approved the amendment presented by the General Confederation of Moroccan Enterprises (CGEM) group on cancelling the reduction in customs duties on table honey in containers of 20 kg or less.
With regard to the revision of import duties on certain pharmaceutical products, Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, Fouzi Lekjaa, stated that the government is committed to further revise these duties through a committee working in consultation with the Ministry of Economy and Finance and the Ministry of Social Protection.
The government has also approved an amendment to exempt retirement pensions from income tax. This new measure will be implemented in two stages. The first will apply from January 2025, with a 50% tax deduction. Then, in 2026, the exemption will be total.
The government also accepted an amendment concerning the taxation at 30% of income tax generated by gambling earnings.
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