Frequently Asked Questions
Everything about the TPCSV 15% tax, weighted average cost (PMP) and investing in the Casablanca Stock Exchange.
What is the TPCSV 15% tax in Morocco?
The TPCSV (tax on profits from the transfer of securities) is the Moroccan capital gains tax of 15% applied to profits realized when selling shares listed on the Casablanca Stock Exchange, under the Moroccan General Tax Code. Brokerage fees and taxes are deductible, and net capital losses can be carried forward to following years. Portflossio automatically computes your net taxable capital gain and estimated TPCSV, and generates an exportable annual tax report.
How do I calculate the weighted average cost (PMP) of my shares?
The weighted average cost is the total acquisition cost (purchase price + fees + taxes) divided by the total number of shares held. Example: 100 shares at 100 MAD then 50 shares at 130 MAD give a weighted average cost of (10,000 + 6,500) / 150 = 110 MAD. Portflossio recalculates your weighted average cost automatically on every buy, brokerage fees included.
How do I invest in the Casablanca Stock Exchange?
To invest in the Casablanca Stock Exchange, open a securities account with a licensed brokerage firm or your bank, deposit funds in MAD, then place buy orders on listed Moroccan stocks (Attijariwafa Bank, Maroc Telecom, BCP…). Then track your positions, weighted average cost and real performance with a portfolio tracker like Portflossio.
How do I track my Moroccan stock portfolio?
Portflossio is a free portfolio tracker dedicated to the Casablanca Stock Exchange: record your deposits, withdrawals, buys and sells, and the app computes in MAD your cash balance, weighted average cost, unrealized and realized gains, plus your TPCSV tax report.
Is Portflossio free?
Yes, Portflossio is completely free. You can create an account or try the demo account without signing up: stock prices in the demo are real, only the demonstration history is fictitious.
Are the stock prices real-time?
Prices of shares listed on the Casablanca Stock Exchange are refreshed regularly during trading hours. Your portfolio is therefore valued at the latest Moroccan market prices, in dirhams (MAD).
Track your Casablanca Stock Exchange portfolio
Create a free account or try the demo: weighted average cost, capital gains and TPCSV tax report computed automatically.