Moroccan taxation
Professional IR
Income tax for individuals carrying out a professional activity: your seller profit is taxed based on actual or simplified net income.
Professional IR refers to the income tax applied to individuals who carry out a professional activity in their own name, without creating a company. Unlike the auto-entrepreneur status, this regime is not subject to the auto-entrepreneur ceilings: the tax is calculated on your profit, under the actual or simplified net income regime.
Example: your Wasal store's turnover exceeds MAD 500,000 for two consecutive years. You then leave the auto-entrepreneur regime and fall under actual net income, unless you opt for simplified net income or the single professional contribution (CPU): you declare your income each year before 1 May (article 82 of the General Tax Code). VAT (TVA) depends on your activity: retailers are liable from MAD 2,000,000 of turnover.
This regime requires more rigorous accounting: the support of a chartered accountant is strongly recommended, especially if your activity grows.