Automatic tax exchange delayed for Morocco

This adjusted schedule follows a missed deadline. Rabat had voluntarily committed to initiating the first data transmissions as early as 2025. However, the report from the international organization notes that these exchanges have not yet begun, as the necessary legislative framework and technical infrastructure are not yet finalized. This delay places Morocco on the same trajectory as several other countries, for whom compliance is proving to be a gradual and complex process.

The "relevant jurisdiction" status assigned to Morocco means that its participation is considered essential to the effectiveness of the global system for combating tax evasion, which already includes more than 120 territories. This postponement provides the authorities with some leeway to complete the preparations without rushing the integration into an increasingly demanding system.

The standards continue to evolve, with the Common Reporting Standard now extending to digital currencies and imposing enhanced reporting obligations on financial institutions. Morocco will therefore have to adapt its system to these changing standards before undergoing a thorough technical evaluation, a step that has not yet taken place due to the lack of an operational system.