Real estate in Morocco: Impact of tax regulations on the market
The Moroccan real estate market is constantly evolving, not least due to recent tax reforms that redefine the terms and conditions of real estate transactions. These changes, introduced by the Finance Law 2024 and reinforced in 2025, aim to improve transparency and tax compliance, but also have significant repercussions for players in the sector.
Introduction of mandatory tax certificate
Since July 1, 2024, all real estate transactions in Morocco require the presentation of a tax certificate. This document, issued by the tax authorities, certifies that the property concerned is in compliance with all taxes due. Approved notaries, adouls and lawyers are now required to refuse to draw up deeds of sale in the absence of this attestation, on pain of being held jointly and severally liable for unpaid tax debts. This measure is designed to reinforce the tax compliance of real estate transactions and combat tax evasion.
Impact on industry professionals
The introduction of this attestation has led to delays in the sales process, due to the sometimes lengthy delays in obtaining the document from the tax authorities. Notaries and other professionals are expressing concern about these new obligations, which may slow down transactions and affect the fluidity of the real estate market.
Tax reforms in the Finance Act 2025
The Finance Act 2025 has made further adjustments, notably to the taxation of property income. Property owners can now opt for a flat-rate withholding tax of 20%, simplifying their reporting obligations. In addition, the threshold for application of the withholding tax on property income has been raised from 30,000 to 40,000 MAD, offering tax relief to small property owners.
Implications for investors and the market
These reforms are designed to encourage tax compliance and broaden the tax base. However, they may also lead to increased costs for landlords, who may be tempted to pass on these charges to tenants, thereby affecting the rental market. What's more, the increased complexity of administrative procedures could deter some investors, impacting the dynamics of the Moroccan real estate market.
Recent tax reforms in Morocco, while aimed at improving transparency and tax collection, are having a significant impact on the real estate market. It is essential for investors, owners and professionals in the sector to keep abreast of these developments in order to adapt their strategies and navigate this new tax landscape effectively.
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The Moroccan real estate market is constantly evolving, not least due to recent tax reforms that redefine the terms and conditions of real estate transactions. These changes, introduced by the Finance Law 2024 and reinforced in 2025, aim to improve transparency and tax compliance, but also have significant repercussions for players in the sector.