This week, Minister of Economy and Finance Nadia Fettah announced that the draft finance bill for 2025 includes measures to fully exempt pensions paid by basic retirement schemes from income tax by 2026. Responding to a written question from Driss Sentissi, president of the Popular Movement (MP) parliamentary group in the House of Representatives, she explained that the measure would be implemented in two stages: a 50% deduction on pensions beginning in January 2025, followed by full exemption starting January 1, 2026. According to Fettah, more than 750,000 retirees are expected to benefit, at a cost of over 1.2 billion dirhams to the public treasury. However, pensions from complementary schemes, such as those from the CIMR, are excluded. She nonetheless underlined the «special attention given to retirees, who in recent years have benefited from a revision of the income tax exemption rate applied to pensions, allowing for a significant discount of up to 70% before tax calculation». Fettah also noted that in 2022 the government increased pensions paid by the National Social Security Fund (CNSS) by 5%, with a minimum raise of 100 dirhams, retroactive to January 2020. In a related matter, she recalled that the executive had approved decree 2.25.265, which allows individuals who retired after January 1, 2023, and who can prove between 1,320 and 3,240 days of coverage, to benefit from the old-age pension paid by the CNSS.
