Net customs revenue reached 6.39 billion dirhams at the end of January 2023, up 14.1% compared to their level a year earlier, according to the General Treasury of the Kingdom (TGR).
The TGR indicates in its recent monthly public finance statistics bulletin that these revenues, which include customs duties, value-added tax (VAT) on imports, and the domestic consumption tax (TIC) on energy products, take into account reimbursements, tax relief, and refunds of 2 million DH at the end of last January (3 MDH a year earlier). In detail, net revenue from customs duties at the end of January reached 1.129 billion DH, up 24.6% compared to January 2022.
The bulletin also shows that net revenue from import VAT increased by 17.1% to 4.11 billion DH. VAT on energy products increased by 43.2% and that on other products increased by 10.7%. Regarding the net receipts of ICT on energy products, the TGR indicates that they amounted to nearly 1.151 billion DH, down 2.9% compared to their level at the end of January 2022, and this, taking into account liability for refunds, tax relief, and refunds of 1 million DH. Note that gross customs revenue was 6.392 billion DH at the end of January, up 14.1% compared to its level at the end of January 2022.
