Morocco Highlights:
- 1WB’s branch office ensures full compliance with country’s regulations.
- The whole deployment process for foreigners normally takes about 3 weeks whereas for locals within 1 week.
- Handling payroll processing, immigration and taxes compliantly, swiftly and cost efficient.
- Individual income tax is calculated on the basis of the following progressive scale:
| Taxable Income (MAD) | Tax Rate % |
|---|---|
| 0 - 30,000 | Exempt |
| 30,000 - 50,000 | 10% |
| 50,001 - 60,000 | 20% |
| 60,001 - 80,000 | 30% |
| 80,001 - 180,000 | 34% |
| Over 180,000 | 38% |
- Companies are taxed on the difference between their trading income and expenditure. The corporation tax rates are as follows (progressive scale):
| Taxable Income | CIT rate % |
|---|---|
| 0 - 300,000 | 10% |
| 300.001 - 1,000,000 | 17.5% |
| Over 1,000,001 | 31% |
-
Social security contributions -
The only mandatory social security regime in Morocco is the one managed by the Caisse Nationale de Sécurité Sociale (CNSS) fund.
Other private social security organisms are available in Morocco but are not mandatory.
Employees must contribute to the social security regime managed by the CNSS.
The CNSS rates are as follows and apply to the gross salary, excluding exempted allowances and indemnities
| Contribution | Employee % | Employer % | Monthly Salary Limit |
|---|---|---|---|
| Family Allocation | - | 6.4% | - |
| Social Allocation | 4.48% | 8.98% | 6000 MAD |
| Professional Trainning | - | 1.6% | - |
| Mandatory Medical Care | 2.26% | 4.11% | - |
- Work permit - 1WB can sponsor work permits for foreign employees and the processing time is about 1 month.