Introduction of Exchange Rates
The General Directorate of Taxes (DGI) has officially set the average exchange rates that will apply for the conversion of foreign income for the 2025 tax year.
Announced Exchange Rates
The established rates are as follows: 1 euro is equivalent to 10.550 dirhams, 1 US dollar is valued at 9.344 dirhams, 1 British pound is set at 12.323 dirhams, and 1 Swiss franc is pegged at 11.271 dirhams.
Implications for Tax Declarations
These exchange rates will serve as the official reference for taxpayers when converting foreign income denominated in these currencies during their tax declarations for the fiscal year 2025.
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