Morocco's 2027 Finance Bill: what it changes (and doesn't) for buying in Marrakech

Every autumn, the Finance Bill makes buyers fear higher acquisition costs. For 2027, bill no. 60-26 is on the table, and one key point has been clarified in public: the duties are not moving. Other, more technical provisions still deserve attention from anyone buying or reselling in Marrakech. An important caveat: this is a bill, which Parliament can still amend. This article keeps only what the sources consulted allow us to establish.

What does not change: registration and land-registry duties

That is the good news for your purchase budget. According to LeSiteinfo (29 October 2026), Minister of Economy and Finance Fouzi Lekjaa said: “We have not touched registration and land-registry duties” (our translation from the French). Current rates therefore remain those set out in our guide to property taxation in Marrakech.

The same article reports the minister’s call to owners of old, unregistered property to have it registered. That echoes a risk we cover elsewhere: untitled property is harder to sell and to finance.

A finance bill is not a law. Until the text is voted and published, the provisions below may change.

Old unregistered deeds: today’s tariff, no penalties

According to Le Matin (25 October 2026) and the note analysed by Upsilon Consulting (28 October 2026), the bill changes how deeds that were never registered are treated:

• Today (article 234-I-1° of the General Tax Code, per Upsilon): registration and stamp duties on an unregistered deed are time-barred after ten years.
• Under the bill: parties requesting registration would pay the standard tariff in force on the day of registration, without penalties or surcharges.

For a buyer, the practical reach is our own interpretation, to be confirmed with a notary: if the seller holds an old deed that was never registered, regularising it could become cheaper. The sources do not give the entry-into-force date or exact conditions.

Registration certificate extended to all deeds

Another measure noted by Le Matin and Upsilon: the registration certificate (attestation d’enregistrement), currently required for certain land-registry formalities (article 139-I per Upsilon), would be extended to all registered deeds.

In practice, ask for and keep this certificate for every deed in your file. It may be requested when the sale is entered in the register, a step described in our article on registering the sale at the land registry.

VAT for property dealers and non-residents’ capital gains

Two further points concern specific profiles:

• Property dealers (article 89-I-4°): resale of built property by a property dealer (marchand de biens) is currently outside the scope of VAT. The bill provides a special regime by option, which would notably allow deduction of VAT on restoration or renovation works (Le Matin, Upsilon). Conditions and the tax base are not detailed in the sources consulted. It mainly concerns buyers of properties renovated by a professional.
• Non-residents’ capital gains: according to Upsilon, an accelerated tax-adjustment procedure and an appeal before the National Tax Appeals Commission are planned (articles 20-III, 221 and 226). This is procedure, not rates. A foreigner or Moroccan living abroad who resells should still follow it, notably alongside the real-estate profit tax.

The bill also specifies which local taxation commission handles disputes on property profits and registration: the one where the property is located (article 225).

What we did not find

In the texts and articles consulted, we found no new rate for the real-estate profit tax, no change to income tax on rental income, no measure on the tax on undeveloped land and no provision specific to Moroccans living abroad. Two sources (Challenge, Médias24) could not be read, and the presentation note was only partly re-read: a measure absent from this article may therefore exist. The full bill remains the reference.

Checklist before buying or signing

• Check that the seller’s original deed was actually registered, and ask for the certificate.
• Ask the notary for a written cost statement based on the rules in force on the signing date.
• If a property dealer renovated the property, ask whether the price includes VAT.
• Prefer a registered property (land title) over an untitled one.
• If you will resell from abroad, plan for the capital-gain formalities.
• Follow the final vote on the text before fixing your signing schedule.

This is informational and not tax or legal advice.