Morocco: good news for retirees

Income tax applicable to retirement pensions will be revised downwards by up to 70%, announced Nadia Fettah, Minister of Economy and Finance.

In her response to a written question from MP Nadia Bzandafa of the Authenticity and Modernity Party (PAM) in the House of Representatives, the minister indicated that the minimum pension threshold is now set at 1,000 dirhams per month for the National Social Security Fund and 1,500 dirhams for civil and military pension schemes as well as for the collective pension allocation scheme.