Keywords: Tax


Morocco opens $2 billion in extra budget spending amid rising tax revenues

Morocco’s government has approved MAD 20 billion in additional budget credits to finance subsidies, support public institutions, address emergency spending, and respond to recent flood damage in northern parts of the country. The measures were presented before the Finance and Economic Development......

Morocco VAT fraud estimated at 12.9 billion dirhams annually

Morocco faces a large and persistent loss of public revenue linked to value added tax fraud, estimated at around 12.9 billion dirhams per year. The figure reflects a system in which fraudulent refund claims continue to exploit structural weaknesses in tax administration and corporate reporting. Public......

Morocco launches mandatory digital VAT declaration platform from June 2026

The Moroccan tax administration has announced the launch of a new digital platform dedicated to the collection of Value Added Tax (VAT) on remote digital services provided by foreign companies operating in the Moroccan market. According to the General Directorate of Taxes, the “Taxation on digital......

Brazil’s Lula removes import tax on low-value online purchases from platforms like shein and temu

The government of Brazil has decided to eliminate a tax on low-value international online purchases, marking a significant shift in its e-commerce and consumer policy ahead of upcoming elections. President Luiz Inácio Lula da Silva отменated the levy, which had previously imposed a 20% charge......

Morocco’s budget deficit widens as spending outpaces revenue growth

Morocco recorded a budget deficit of MAD 15.5 billion by the end of April 2026, widening from MAD 11.8 billion during the same period a year earlier as public spending continued to accelerate despite stronger tax collection. The latest public finance data showed that rising operating and investment expenditures......

Germany faces budget pressure after tax revenue forecast cut

Germany is facing increasing financial pressure after the country’s council of tax experts lowered its forecast for tax revenues between 2026 and 2030. The revised estimates are expected to place additional strain on the federal budget at a time when the government is already dealing with slower......

Le Pen calls for windfall tax on TotalEnergies if fuel price caps fall short

Marine Le Pen has suggested that a windfall tax on TotalEnergies could be introduced if current measures to limit fuel prices prove insufficient to protect consumers. Speaking during a public appearance in central France, the political leader emphasized that while the company’s decision to cap......

France’s real estate wealth tax reaches 2.3 billion euros in 2025

The real estate wealth tax in France, known as the Impôt sur la fortune immobilière (IFI), generated 2.3 billion euros in 2025, marking an 8% increase compared with the previous year, according to data released by the French public finance directorate. The rise in revenue is mainly explained......

India increases export duties on diesel and aviation fuel amid energy policy shift

India has increased export duties on diesel and aviation turbine fuel as part of a revised taxation measure affecting its energy sector, according to an official government notification. The adjustment raises the windfall tax on diesel exports from 21.5 rupees per litre to 55.5 rupees per litre. Export......