فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
During the weekly press conference held by government spokesperson Mustapha Baitas following the cabinet meeting on Thursday, December 12, 2024, a new decision was announced to fully exempt pensions and public revenues from income tax. Baitas explained that the measure will be implemented in two phases: a 50% tax reduction in 2025, followed by full exemption starting January 1, 2026.
The spokesperson stated that this decision, part of the 2025 Finance Bill, will apply to pensions and public revenues paid under basic retirement systems. Approximately 744,000 retirees, representing about 86% of those registered with the Moroccan Pension Fund, are expected to benefit from this measure, at an estimated cost of 1.2 billion dirhams in 2025.
Baitas highlighted that this initiative aligns with comprehensive reforms aimed at promoting tax fairness and reducing the burden on the most affected groups, particularly employees and workers who have borne the brunt of income tax for years. He added that the government is working to broaden the tax base to include previously exempt groups, addressing past shortcomings in fiscal policies.
He emphasized that through such measures, the government reaffirms its commitment to achieving social justice and reducing economic disparities. The tax exemption for pensions is seen as a direct response to the aspirations of retirees who have dedicated decades of service to the nation.
Baitas also noted that this decision strengthens public trust in the government’s approach to supporting vulnerable and middle-income groups while advancing sustainable economic and social development.
source : fesnews media
