Taxation

Right taxes:

Guide for the real estate investor in Morocco
The Moroccan State has established in Charter certain rules to better identify the movement of capital invested in the territory. Any transaction must be reported to the Office of the changes to the notary and this for the office may benefit from the value that refers to repatriated funds in the case of resale. Having a convertible dirhams account you is highly recommended for you to restore your investment and be able to transfer the proceeds of it. If it non-standard property (Melkia), you must have funds you to make the reservation and the titration of the property by a deposit of guarantee at your notary, then open an account in dirhams convertible as soon as possible will be a great help especially that power to this account from your country of origin may be performed by simple SWIFT.

AT know before any acquisition:
Fees and charges payable by buyer:
Depending on the legal nature of the property, rights of acquisition real estate vary
1 If the property is a local residential use for a more than 3 years or a ground not built with commitment to build in a period of 7 years, the percentages that apply to the value of the property y including the tax will be as follows all adding them back titration fees that depend on the floor area and the price of the property if this well is not titrated) (Melkia):
Registration fee: 2.5 % notarial taxe: 0.5 %
Land conservation: 150Dhs for the + 1 % property Act
Honorary notary: 1 % with 2500Dhs recipe database + T. V .A. 7 % land conservation if necessary: 0.5 % + 75Dhs.
Miscellaneous: 1500 to approximately 3000Dhs following folders
2. If the property is a local commercial use or ground not built without commitment to build the percentages that apply to the value of property including the tax will be as follows:
Registration fee: 2.5 % of the 1st sale of the local and 5 % subsequently
Notarial tax: 0.5 %
Land conservation: 1 %
Honorary notary: 1 % with 2500Dhs recipe database + T . (V) .A. 7 % charge various approximately 2000Dhs
3. If the property is agricultural land it is hardly possible for foreigners to buy it unless change in the nature legal.
statement of not getting to be agricultural and the percentages that apply to the value of the property r?f?renceront in this case There
one of two cases previously cited.
Taxes post acquisition:
In Morocco, three types of taxes is needed, when your acquisition of real property
1 ?dilit? tax amounting to 10 % of the value rental annual Habitat and may benefit from a draw down 75 % If this is your main home.
2 Land income: or the property is rented or that you have rented, revenue must be declared and submitted to this so-called tax the income tax (IGR) which the schedule is as follows:
Annual rate income
1 To 20 000 HDS waiving the IGR
Of 20 001 to 24 000 HDS 13 % with 2600 HDS deduction
Of 24 001 to 36 000 HDS 21 % with 4520 HDS deduction
Of 36 001 to 60 000 HDS 35 % with 9560 HDS deduction
60 001 And over 44 % with 14960 HDS deduction.
3 The real estate benefit which is among other tax the difference between the sales price and selling expenses decreased purchase price and increased purchase costs, investment expenditure and interest payments.
The rate is however set at 20 % but under no circumstances must be less than 3 % of the sales price. As regards the seller it may be exempt from this tax if the property sold was his main residence since more than 5 years if the transfer price is less than 1 000 000 HDS and 8 years if the sale price is higher than
1 000 000 HDS.