The 2026 Finance Act was passed in late December after months of parliamentary debate. It introduces meaningful shifts for Moroccan businesses — especially SMEs and groups with international structures. Here is our reading of the measures that matter, and what they mean operationally.
1. Corporate income tax: the convergence continues
The trajectory started in 2023 toward a unified IS rate moves another step forward. For fiscal years opening on January 1, 2026, the main brackets evolve as follows:
- Net profit under MAD 300,000 — rate held at 20%.
- Net profit between MAD 300K and 100M — rate adjusted to 24.5% (vs. 25.5% in 2025).
- Net profit above MAD 100M — rate now 33.5%, on track for 35% in 2027.
For an SME generating MAD 5M in net profit, this translates to roughly MAD 50,000 saved on the year — enough to fund an operational hire or a productivity investment.
For most SMEs the impact is positive. But it forces a decision: accelerate distributions, strengthen equity, or reinvest?
2. VAT: broader base and new compliance obligations
The VAT reform takes another step. Key updates:
- Phase-out of the 7% reduced rate on certain agri-food products.
- Mandatory e-invoicing for businesses above MAD 50M in revenue (rolled out over 18 months).
- Electronic purchase ledger required for all VAT-registered entities.
How to prepare?
The transition to e-invoicing typically takes 3 to 6 months. We recommend setting in Q1 2026 the choice of solution (ERP-integrated or certified third-party platform) and the training plan for accounting teams.
3. Sectoral measures worth flagging
Several targeted programs deserve attention:
- Industrial investment — extension of the tax credit on productive machinery.
- Green economy — accelerated depreciation for energy-efficiency equipment.
- Digital — renewed preferential regime for exporters of digital services.
Our recommendation
In the next 60 days, we suggest clients run a focused impact assessment: 2026 IS projection, audit of the invoicing chain, review of intra-group conventions against the new documentation requirements. A short, structured exercise that prevents last-minute year-end calls.
Our team is available for a focused discussion on your specific situation.