Morocco expects to collect MAD 23.3 billion ($2.3 billion) in taxes on manufactured tobacco and alcoholic beverages in 2027, up 10.1% from the MAD 21.2 billion ($2.1 billion) projected for 2026, according to the draft Finance Bill. Manufactured tobacco is expected to generate MAD 19.3 billion ($1.9 billion), a 9.05% increase from MAD 17.7 billion ($1.2 billion) in 2026, accounting for about 83% of the combined revenue. The draft bill proposes a specific tax of MAD 645 per 1,000 cigarettes ($64.50), an ad valorem rate of 57.5%, and a minimum tax of MAD 1,025 per 1,000 cigarettes ($102.50) in 2027. The minimum tax is scheduled to rise annually, reaching MAD 1,346 per 1,000 cigarettes ($134.60) in 2031.
