Morocco Launches Tax Amnesty Program, Sets September 30 Deadline
26 February 2020
The tax amnesty has entered its operational phase. The Directorate General of Taxes (DGI) has disseminated all the forms dedicated to its subscription.
Economy
Former IMF Chief Strauss-Kahn Amasses Fortune Through Moroccan Consulting Firm
26 February 2020
After his legal troubles and his troubles in the business world, Dominique Strauss-Kahn had the time and opportunity to get back on his feet through his consulting firm, based (…)
Real Estate Developers Protest Rising Taxes, Demand Reform to Combat Housing Costs
25 February 2020
The multiplication of taxes in the real estate sector is provoking a reaction from developers who are calling for the reduction of some of them and the elimination of others. (…)
Ikea to Open Second Moroccan Store in Tetouan Outlet Development
25 February 2020
The Swedish brand Ikea, specialized in the design and retail sale of ready-to-assemble or kit furniture and home decor items, intends to open a new store in Morocco, more (…)
New Air Route Connects Morocco’s Guelmim to Spain’s Las Palmas for $150 Round Trip
24 February 2020
The two cities of Guelmim and Las Palmas will finally be connected by two weekly flights, on Wednesdays and Saturdays. The inaugural flight is scheduled for March 3rd.
Morocco’s Demolished Luxury Villas Were Sold to Buyers, Raising Legal Questions
24 February 2020
The demolished villas of Sud Partners, as part of the demolition operation of unauthorized buildings within the Taghazout Bay resort, would have been sold to individuals.
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Mid-February
24 February 2020
The Moroccan dirham appreciated by 0.53% against the euro and depreciated by 0.58% against the dollar, during the week of February 13 to 19, according to Bank Al-Magrib.
Tanger Med 2 Port Hits Milestone: 1 Million Containers Handled in First Year
23 February 2020
In less than a year, the second container terminal of the APM Terminals group at the Tanger Med 2 port has announced that it has exceeded its first million TEUs handled.
Moroccan Customs Launches Video Campaign to Combat Smuggling Threats
23 February 2020
The Customs and Indirect Taxes Administration has published a new video capsule to raise public awareness about the evils of smuggling.
EU Keeps Morocco on Tax Haven Gray List Despite Reforms
23 February 2020
Morocco’s exit from the gray list will depend on the conclusions of the audit of the Organization for Economic Co-operation and Development (OECD), which must evaluate the tax (…)