Morocco’s 35% corporate tax rate ranks among the world’s highest in 2026

Morocco applies one of the world’s highest corporate tax rate levels, according to the OECD’s Corporate Tax Statistics 2026, the eighth edition of the organization’s annual report on corporate taxation. The report shows Morocco’s combined central and sub-central statutory corporate income tax rate reached 35% in 2026, placing the country among the highest-tax jurisdictions worldwide.

The OECD report covers the 146 members of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) as of January 1, 2026. Only France recorded a higher statutory corporate tax rate at 36.1%, while Colombia and Malta matched Morocco at 35%.

Morocco’s ranking follows a one percentage point increase between 2025 and 2026. The kingdom was one of only four jurisdictions to raise its statutory corporate tax rate during the period, alongside Korea, Lithuania, and San Marino. By contrast, Honduras reduced its rate by five percentage points, while Cabo Verde and Portugal each lowered theirs by one point.

Morocco’s rate stands well above the global average of 21.2% reported across the 146 jurisdictions surveyed. The average statutory rate reached 26.6% among African economies, 24.2% across OECD members, 21.1% in Latin America and the Caribbean, and 20.6% in Asia and the Pacific.

The OECD notes that the decline in global corporate tax rates observed over the past two decades has largely stabilized. The average combined statutory rate fell from 28% in 2000 to 21.5% in 2019 before remaining broadly unchanged through 2026. Compared with 2000, 113 jurisdictions now apply lower corporate tax rates, while only 15 have increased them.

High statutory corporate tax rates remain relatively uncommon. Only 25 of the 146 jurisdictions covered by the OECD applied rates of at least 30% in 2026. The largest group, representing 74 jurisdictions, maintained rates between 20% and 30%, while 33 countries applied rates between 10% and 20%. Fourteen jurisdictions imposed rates below 10%, including 11 with no corporate income tax or a zero rate. Barbados, Hungary, and the United Arab Emirates each applied a 9% rate.

The distribution reflects a significant shift since the beginning of the century. The number of jurisdictions with corporate tax rates between 10% and 30% has nearly tripled since 2000, while the number applying rates below 10% has changed little.

The OECD also highlights that corporate tax changes remained limited in 2026. Four jurisdictions increased their statutory rates and three reduced them, leaving 139 unchanged.

An important distinction concerns the nature of the highest rates. The OECD specifies that France’s 36.1% rate reflects an exceptional temporary corporate income tax surcharge introduced for 2026. San Marino’s increase is also identified as temporary for a five-year period. Morocco’s 35% rate carries no such qualification in the OECD database, indicating that it represents the country’s standard statutory corporate income tax rate rather than a temporary measure.

The report also includes Morocco in its country-by-country reporting statistics for fiscal year 2023. Morocco submitted aggregated data covering all foreign jurisdictions rather than a detailed geographical breakdown. The OECD estimates that multinational enterprise groups reporting from Morocco averaged $4.19 billion in unrelated-party revenue, $4.73 billion in tangible assets, $72 million in accrued income tax, and approximately 11,500 employees per group.

The revenue data place Morocco within broader international trends. Across the 135 jurisdictions with available figures, corporate income tax represented 17.3% of total tax revenues and 3.5% of GDP in 2023. African economies recorded the highest regional reliance on corporate income tax, where it accounted for 21.4% of total tax revenues compared with 11.9% across OECD members.

The OECD also reports that large multinational companies generated an average of 44.5% of total corporate tax revenues in 2023, up from 42.8% in 2017. At the same time, the organization continues to observe signs of profit shifting. Investment hubs reported median revenues per employee of $1.81 million, far exceeding the levels recorded in high-income and middle-income jurisdictions. The report notes that part of these differences may also reflect the economic turbulence and elevated inflation experienced during 2023.