The 2021 Finance Act provides for a new measure to strengthen the fight against fraud related to the special annual tax on vehicles (TSAV), known as the vehicle sticker. This tax must be paid by January 31 at the latest.
Abdellatif Loudiyi , Moroccan Minister Delegate to the Head of Government, in charge of the Defense Administration, discussed the reasons for the increase in the 2021 defense budget.
The regulation of raw and manufactured tobacco in Morocco has been updated through draft law 66-20. The project was voted on by the Finance and Productive Sectors Committee on Thursday, November 12, just after the adoption of the 2021 finance bill.
All Moroccan athletes and sports officials will benefit from tax exemption as of next year. A measure included in the 2021 Finance Bill.
The average monthly net salary in the civil service has increased by 24.38% between 2010 and 2020, from 6,550 dirhams to 8,147 DH, representing an average annual increase of 2.21%. This is what the report on human resources accompanying the draft finance law (PLF) for the 2021 fiscal year indicates.
A significant negative budget balance of 41.3 billion dirhams (MMDH) is observed after the execution of the Finance Act (LF) at the end of September 2020, according to the Ministry of Economy, Finance and Administrative Reform .
The increase in taxes on alcoholic beverages, planned in the 2021 Finance Bill, is fueling the debate between parliamentarians. In the House of Representatives, opinions differ between the majority, which supports the project, and the opposition which sees it as an incentive for smuggling.
A significant drop in tax revenues is expected according to the forecasts of the 2021 Finance Bill (PLF). As could be expected, the adverse effects of the health crisis due to Covid-19 will still be felt hard next year.
Pending the implementation of the unified social register in 2022, the Moroccan government will continue to subsidize basic necessities including liquefied butane gas. An envelope of 12.5 billion dirhams has been allocated in 2021 to the compensation fund.
Bank Al-Maghrib has granted amnesty for rubber checks. While for some, this measure is crucial to revive the economy after three months of lockdown, others are outraged, as dishonest people could take advantage of it to issue checks without funds.
The Moroccan Labor Union (UMT) denounced the social solidarity contribution contained in the 2021 Finance Bill. It notably mentioned a tax injustice, based on a system of double standards.
Owners of more than two motorized vehicles will have to dig into their pockets in 2021. The new Finance Act 2021 indeed provides for a new tax on vehicle tires.