Evolution of the tax framework of participatory products in Morocco

Abstract

Morocco has finally joined the trajectory of participatory finance. However, despite the efforts made to promote this nascent industry, this is still very insufficient to encourage it.

In addition, the tax variable is a determining factor in the financing decision because it weighs heavily on the cost of participatory banking products. In the absence of tax regulations that take into account the nature of these products and put in place an incentive and encouraging tax framework that guarantees better tax neutrality, this industry risks being less competitive compared to their conventional counterparts.

The scarcity of studies dealing with this tax evolution, prompted us to study and analyze this question, while basing ourselves on the evolution of the tax framework of these products in Morocco and also on the various tax novelties brought by the succession of the laws of finances.