Bloomberg Index Services Limited (BISL) has set the withholding tax rate for Morocco at 12.5% for use in its equity index calculations, according to the reference table published by the company. The rate applies to securities associated with the country codes MA and MAR.
The withholding tax rate is a key factor in calculating net total return indices, which reflect the actual returns investors receive after taxes. The 12.5% rate for Morocco is consistent with the country's standard withholding tax on dividends for foreign investors, as per the Moroccan General Tax Code.
This update is part of BISL's periodic review of tax rates used in its index methodology. The rates are based on publicly available tax regulations and may be adjusted if tax laws change. Investors using Bloomberg indices should verify the applicable rates with their tax advisors.
