Salah-eddine Bennani - Author at Finance Morocco Help

Dusk photograph of the Casablanca skyline and Hassan II Mosque with a clock being set one hour backward, Morocco's return to GMT in September 2026

Moroccan EconomySep 21

Morocco Returns to GMT: The 360° Impact on the Economy, Energy and Offshoring

As of Sunday, September 20, 2026, 2:00 AM, Morocco has permanently returned to GMT: clocks went back 60 minutes and the country now runs on Greenwich Mean Time. A 360-degree analysis of that missing hour: real energy savings or the 0.17% myth, time gaps with France and Spain, consequences for offshoring and call centers, the Casablanca Stock Exchange, tourism and daily life.

Salah-eddine Bennani·8 min read

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A customer paying by bank card at a Moroccan merchant terminal, October 2026

GuidesSep 19

Card Payments in Morocco from October 1, 2026: Interchange Fees Drop from 0.65% to 0.50%

From October 1, 2026, Bank Al-Maghrib lowers the general cap on domestic card payment interchange fees from 0.65% to 0.50% excluding tax, with a special rate of 0.15% for digital payments of public services. What interchange fees are, what changes for merchants and consumers, and why this decision should accelerate electronic payments in Morocco.

Salah-eddine Bennani·5 min read

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Bookkeeping in Morocco: accounting ledger, calculator and dirham banknotes on a desk with charts, illustrating Moroccan bookkeeping obligations under Law 9-88

BusinessAug 27

Bookkeeping in Morocco (2026): Law 9-88 Rules, E-Invoicing, Deadlines, Penalties & Costs

Bookkeeping in Morocco explained for 2026: Law 9-88 and CGNC requirements, the mandatory books, the new electronic accounting and e-invoicing rules (Article 145-IX), VAT and tax deadlines via SIMPL, penalties, retention periods, and what an expert-comptable costs.

Salah-eddine Bennani·11 min read

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Moroccan tax refund: a stamped refund form, dirham banknotes, a passport and a Tax Free form on a desk, illustrating income tax, VAT tax-free and non-resident tax refunds in Morocco

TaxesAug 9

Morocco Tax Refund Guide 2026: Income Tax, VAT Tax-Free Shopping & Non-Resident Refunds

How to get a tax refund in Morocco. Income-tax (IR) overpayment refunds for employees and first-jobbers, VAT tax-free shopping for tourists and MRE above 2,000 MAD, and withholding-tax treaty refunds for non-residents – with steps, deadlines, and documents.

Salah-eddine Bennani·8 min read

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Casablanca financial district skyline at blue hour with subtle growth-chart graphics, representing Bank Al-Maghrib's 2026 economic outlook and held interest rate

Moroccan EconomyAug 8

Bank Al-Maghrib Holds Rate at 2.25%: Morocco's 2026 Economic Outlook

At its 23 June 2026 meeting, Bank Al-Maghrib kept the key interest rate at 2.25% for a fifth consecutive time, forecasting 5.2% growth and 1.5% inflation for 2026. What the decision means for mortgages, savings, SME borrowing, and the dirham.

Salah-eddine Bennani·5 min read

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Stock market chart representing dividend withholding tax in Morocco 2026

TaxesJul 29

RAS on Dividends in Morocco 2026: The 11.25% Rate and the Road to 10%

Morocco's withholding tax on dividends drops to 11.25% in 2026, en route to 10% in 2027. How the phase-down works, who withholds, libératoire vs. imputation, and a worked example for shareholders and MRE.

Salah-eddine Bennani·4 min read

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SalaryJun 21

CNSS Family Allowances in Morocco 2026: Amounts, Eligibility and How to Apply

CNSS family allowances in Morocco 2026: MAD 300/month for the first 3 children and MAD 100/month for children 4-6. Eligibility rules, age limits, funding, and how to apply.

Salah-eddine Bennani·3 min read

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Calculator and coins, income tax calculation

TaxesJun 21

Morocco Income Tax Brackets 2026: Rates, Deductions and Calculation

Morocco's 2026 income tax (IR) scale in detail: 6 brackets from 0% to 37%, the 20% professional expenses deduction, dependent allowances and a worked example.

Salah-eddine Bennani·3 min read

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Moroccan workers on a construction site, wages and salary

SalaryJun 21

Morocco Minimum Wage 2026: SMIG, CNSS Deductions and Net Salary Explained

Morocco's minimum wage (SMIG) rose to 17.92 DH/hour in 2026. Complete guide to CNSS deductions, AMO, family allowances, gross-to-net calculation, employer costs, and pension impact, with worked examples.

Salah-eddine Bennani·6 min read

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Retirement savings, piggy bank and coins

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GuidesJun 21

Morocco Pension Tax Exemption 2026: Retirees Pay Zero IR

Since January 2026, basic pension income from CNSS, CMR and RCAR is fully exempt from Morocco's income tax. Who benefits, what changed, a worked example, and whether you still need to file a return.

Salah-eddine Bennani·3 min read

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Moroccan income tax brackets illustration

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TaxesJun 15

Understanding Moroccan Income Tax (IR)

How Morocco's income tax (IR) works in 2026: who pays, the progressive brackets, CNSS/AMO deductions, the 20% professional-expense allowance, dependent relief, and a worked example.

Salah-eddine Bennani·5 min read

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Gross to net salary breakdown in Morocco

SalaryJun 10

Gross vs Net Salary in Morocco

What gets deducted between your gross and net pay in Morocco: CNSS, AMO, the 20% professional-expense allowance, and income tax (IR), with a worked example and 2026 rates.

Salah-eddine Bennani·3 min read

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