Tax receipts progress by 8.1% in 1st half of 2003

Morocco's tax receipts posted a 8.1% growth in the two first quarters of 2003, reaching 44.1 billion Dirhams (US$ 4.6 billion), reports the general economic policy department.

During the same period, receipts of the corporate tax (IS) soared by 13.3%, while those of the General tax on income (IGR) and the added-value tax (TVA) grew by 10.6% and 10.6% respectively. likewise, receipts of internal taxes on consumption of energy products increased by 6.5%.

Meanwhile, customs duties receipts regressed by 9.6%, as a result of tariffs dismantling and the decrease in some liable imports.