Finance Law 2026: New Tax Reforms in Morocco

The Moroccan fiscal landscape is undergoing a structured transformation. As the government continues to align its domestic policies with the New Development Model and the Investment Charter, the Finance Law (Loi de Finances) serves as the primary instrument for these changes. The 2026 provisions introduce a series of targeted adjustments to the General Tax Code (Code Général des Impôts - CGI), affecting everything from corporate structures to individual pensions and real estate transactions.

Understanding these changes is essential for business owners, investors, and residents alike. This article explores the key tax reforms introduced for 2026 and how they integrate with Morocco's broader legal and economic framework.

Corporate and Professional Tax Adjustments

One of the primary focuses of the Finance Law 2026 is the refinement of Corporate Tax (Impôt sur les Sociétés - IS). Under Article 19-I-C of the General Tax Code, as amended, new provisions will apply to accounting periods starting from 1 January 2026. These updates are designed to streamline the tax burden on specific entities while ensuring fiscal transparency.

A notable inclusion in the 2026 reform is the specific treatment of sports companies. According to Article 10-I-B-2°, the legal framework governing sports companies has been updated for fiscal years beginning on or after 1 January 2026. This move aligns with Morocco's strategy to professionalise the sports sector and encourage private investment in athletic infrastructure.

Furthermore, the law addresses the financial sector directly. Rewards and remunerations granted by credit institutions, insurance companies, and reinsurance firms will be subject to the updated provisions of Articles 19-IV and 157-A-I starting from 1 July 2026.

Real Estate and Commercial Asset Transfers

The 2026 reforms bring significant changes to the taxation of capital gains and the transfer of assets. For individuals and entities involved in the property market, the following dates and articles are critical:

• Real Estate Capital Gains: Effective 1 January 2026, the provisions of Articles 20-III and 170-VIII of the CGI will apply to the capital gains resulting from the sale of real estate. This update aims to regulate the valuation of property and ensure that the state receives a fair share of the value added during transactions.
• Goodwill (Fonds de Commerce): Article 31-V of the CGI has been amended to cover the transfer or withdrawal of commercial "goodwill." These rules apply to all operations carried out from the start of 2026.
• Rental Rights: For non-residents, the law clarifies the taxation of rental rights and similar remunerations. Under Article 6-I-C-6°, payments made or recorded in the accounts of non-residents from 1 January 2026 will be subject to the new regulatory standards.

These measures are part of a broader effort to increase the efficiency of the Moroccan tax system and reduce the informal economy, which is a key step in the national strategy against financial irregularities and corruption.

Social Welfare: Pensions and Income Tax

The Finance Law 2026 does not solely focus on corporate interests; it also introduces modifications to social fiscal policy. Article 57-27° of the General Tax Code has been modified to reflect new rules regarding pensions and life annuities (pensions et rentes viagères).

These changes, effective from 1 January 2026, are intended to provide a more equitable tax structure for retirees. By adjusting the exemptions and brackets for pension income, the government aims to protect the purchasing power of senior citizens while maintaining a sustainable tax base.

Additionally, the law continues the transition initiated in previous years (such as the 2025 reforms found in Articles 73 and 74) regarding income tax (Impôt sur le Revenu - IR). This includes refined withholding tax mechanisms (prélèvement à la source) for various types of professional income and rewards, ensuring that tax collection is both immediate and accurate.

Procedural Integrity and Transparency

A recurring theme in recent Moroccan Finance Laws, including those of 2020 and 2023, is the emphasis on "fiscal regularisation." The 2026 law builds on this by repealing certain older provisions to make way for a more digitalised and transparent reporting system.

For example, effective 1 January 2026, the law repeals specific paragraphs of Article 125 and Article 236-III-3° of the CGI. These technical removals are often intended to eliminate redundancies and simplify the tax filing process for taxpayers.

By strengthening the legal requirements for declarations and audits—similar to the audit notification reforms seen in Article 212-I of the 2020 Finance Law—Morocco is signaling to international investors that its "Investment Charter" is backed by a robust, predictable, and fair legal environment. This transparency is a vital tool in the fight against corruption, as it limits discretionary power and clarifies the obligations of every taxpayer.

Conclusion and Key Takeaways

The Finance Law 2026 represents a continued commitment to fiscal modernisation in Morocco. By targeting specific sectors like sports, finance, and real estate, the law seeks to balance revenue generation with economic incentive.

Key Takeaways:

• Implementation Dates: Most corporate and real estate reforms begin on 1 January 2026, while specific financial sector remunerations see changes on 1 July 2026.
• Sector Specifics: Sports companies and financial institutions face new accounting and tax standards.
• Transparency: The law continues to refine withholding taxes and reporting requirements to align with international anti-corruption and investment standards.
• Individual Impact: Retirees should be aware of the updated Article 57-27° regarding the taxation of pensions.

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