On Friday, the Moroccan House of Representatives approved by majority the Finance Bill No. 60.24 for the 2025 fiscal year in a second reading. The bill was adopted with 178 deputies voting in favor, while 57 voted against, and no abstentions were recorded.
The bill includes several important amendments, including:
- Full exemption of retirement pensions and life annuities under basic pension schemes from income tax, except for those related to supplementary pension schemes, starting from January 1, 2026.
- A 50% reduction in the amount of tax due on pensions and life annuities received in 2025.
- Subjecting profits from online gambling from foreign sources to income tax at a rate of 30%.
- Imposing a special solidarity contribution of 2% on persons residing in Morocco who receive these profits.
- Exemption of contracts and documents related to the creation of guarantees and mortgages from registration fees.
The Minister of Economy and Finance, Nadia Fettah, affirmed that this bill reflects the government’s commitment to strengthening the pillars of the social state, noting that employment represents a government priority.
For his part, the Minister Delegate in charge of the Budget, Fouzi Lekjaa, explained that the government has allocated more than 100 billion dirhams for social dialogue, health coverage, and direct social assistance, in addition to direct housing assistance and the relocation of slum dwellers.
Regarding the exemption of retirees from income tax, Lekjaa emphasized the importance of this reform, which targets a category that has devoted its life to serving the nation. He pointed out that the financial impact of this measure amounts to 1.2 billion dirhams.