Emerging Markets Rates and Currencies Handbook

Tax Summary – Morocco Morocco and (ii) official interest rate provided annually by the Ministry of Finance based on six months treasury bills (1.42% in 2022) Deductibility of (FX) Losses • Generally tax deductible • N/A • N/A Other Taxes/Duties • N/A • N/A • N/A • N/A • N/A Note: Citigroup Inc. and any of its affiliates do not provide accounting, tax, or legal advice. Please seek advice from a relevant licensed advisor. Source: Relevant legislation, publicly available sources Country Deductibility and Considerations Inter-Co Debt Offshore Bank Loans Offshore Local Borrowing Derivatives Equities