Phased corporate-tax reform; PIT bands restructured

The 2024 Finance Law commenced a phased 4-year corporate-tax reform, moving toward a unified 20% CIT rate (from the current 15–37% band structure) by 2028. Personal income tax bands were also restructured — top marginal rate maintained at 38% but band thresholds adjusted. Material for foreign residents of Morocco — particularly those running Moroccan businesses or with Moroccan-source income.