Customs receipts rise by 13.3 percent in Morocco

Customs receipts rose by 13.3 per cent during the five months of the current year, reaching 17.22 billion Dirham (US$ 1.82 billion) compared to 15.22 billions Dirham (US$ 1.61 billion) for the same period last year.

Figures released Tuesday by the Moroccan minister of Finance and privatisation ascribes the rise by the increase of revenues from tax on consumption products and the Value added Tax (VAT).

Energy products alone yielded 4.68 billion DH in customs receipts (US$ 497.8 million).