Morocco or Portugal: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Morocco, ahead by 0.9 FiScore point.

Tax Morocco Portugal Gap
Corporate income tax headline rate 20% 19% +1.0 points
Personal income tax top bracket 0% to 37% 14.5% to 48% −11.0 points
VAT standard rate 20% 23% −3.0 points

Detailed schedules

Corporate income tax

Morocco

Profit under 100 M MAD 20%
Profit of 100 M MAD and over 35%
Banks and insurance Bank Al-Maghrib, CDG, insurance and reinsurance 40%

Portugal

General regime 18% in 2027, 17% in 2028 19%
SMEs: first €50,000 of profit 15%
See the Morocco page See the Portugal page