Global Economy
Morocco’s Tax Authority Announces 2025 Reference Exchange Rates for Foreign Income Conversion
The General Directorate of Taxes (DGI) has released an official note setting the average exchange rates to be used for converting foreign‑currency earnings into Moroccan dirhams for the 2025 fiscal year. The rates – €1 = 10.550 MAD, $1 = 9.344 MAD, £1 = 12.323 MAD and CHF 1 = 11.271 MAD – will serve as the tax‑administration benchmark for all foreign‑source income declarations related to the 2025 tax period.
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2025 Reference Exchange Rates Issued by Morocco’s Tax Authority
The General Directorate of Taxes (DGI) has issued a formal circular establishing the average conversion rates that must be applied when reporting foreign‑currency income in Moroccan dirhams for the 2025 tax year.
These rates are:
- 1 Euro (EUR) = 10.550 Moroccan dirhams (MAD)
- 1 US Dollar (USD) = 9.344 MAD
- 1 British Pound (GBP) = 12.323 MAD
- 1 Swiss Franc (CHF) = 11.271 MAD
These benchmarks will be the official reference for converting any foreign‑source earnings reported in the above currencies on the 2025 tax returns. Taxpayers and accountants are advised to use these figures to avoid discrepancies with the tax administration.
For further details, consult the DGI’s official note or the Ministry of Economy and Finance website.