Moroccan exporters have identified their top fiscal priorities for the 2027 budget, focusing on the timely reimbursement of value-added tax (VAT) credits, reducing the administrative burden on tax obligations, establishing a dedicated circuit for first-time exporters, and implementing a carbon pricing mechanism that aligns with European Union regulations. According to Abdelkader Boukhriss, vice-president of the Moroccan Association of Exporters (ASMEX), the current system can leave exporters with significant financial burdens.
The reimbursement of VAT credits is a pressing concern for Moroccan exporters, as they pay VAT on inputs but sell their products abroad exempt from VAT. Until the reimbursement is made, it is the exporter's treasury that finances the difference, which can hinder investments and the exploration of new markets. Boukhriss notes that while the tax administration has improved its reimbursement rhythm in recent years, introducing a binding deadline with late payment interests is essential for ensuring predictability for businesses.
In addition to the VAT reimbursement issue, exporters are also seeking relief from the increased administrative burden resulting from recent tax obligations, such as the introduction of withholding tax. They stress that digitalization of tax administration should simplify processes, not add to the workload. The ASMEX also emphasizes the need for a dedicated circuit for first-time exporters to facilitate their integration into the export market.
The ASMEX is advocating for a carbon pricing mechanism that aligns with the EU's Carbon Border Adjustment Mechanism (CBAM), which came into effect on January 1, 2026. Given that 71.4% of Moroccan exports are destined for Europe, the ASMEX argues that a well-designed carbon pricing system would help Moroccan exporters avoid double taxation and maintain a share of the value associated with carbon emissions.
The CBAM targets several sectors, including cement, iron and steel, aluminum, and fertilizers. An extension to certain downstream products is being negotiated for 2028. The ASMEX is pushing for the Moroccan carbon pricing mechanism, as outlined in Law 69-19, to be designed in conjunction with the CBAM to ensure a smooth transition for Moroccan exporters.
To support its proposals, the ASMEX will launch a survey among exporters to gather data on the amounts of VAT credits immobilized and the actual reimbursement deadlines. This information will be used to inform the ASMEX's proposals for the 2027 budget, which will be presented to the public authorities.
The ASMEX's proposals aim to enhance the competitiveness of Moroccan exporters and ensure their alignment with international tax standards. By addressing these fiscal priorities, the Moroccan government can help exporters focus on growth and investment, ultimately contributing to the country's economic development.
Key points
- Moroccan exporters prioritize timely VAT reimbursement and reduced administrative burden.
- A carbon pricing mechanism aligned with EU regulations is crucial for Moroccan exporters.
- The ASMEX will gather data from exporters to support its proposals for the 2027 budget.
