General Treasury of the Kingdom

Morocco Introduces New Fines to Address Soaring Unpaid Check Incidents

2 December 2019

The General Treasury of the Kingdom has introduced a liberatory contribution on pecuniary penalties related to payment incidents. This novelty is part of an amendment to the (…)

Morocco Eases Bank Ban Penalties: New Bill Caps Fines, Reduces Tax Rates

18 November 2019

It will now be possible to lift the banking ban, thanks to the new bill proposed by the [General Treasury of the Kingdom]. Regardless of the number of bounced checks issued, (…)

Morocco’s Budget Deficit Soars to 32.3 Billion Dirhams in September 2019

15 October 2019

The budget deficit recorded a sharp increase at the end of September 2019, reaching 32.3 billion DH against 26.3 billion in 2018, according to data from the Treasury General of (…)

Morocco Tax Authority Cracks Down on Post-Dated Checks, Ending Debt Staggering Practice

23 May 2019

All guarantee checks deposited with the services of the General Treasury of the Kingdom (TGR) will be presented for collection. In case of non-payment, taxpayers will be (…)

Morocco’s Budget Deficit Narrows as Tax Revenue Rises, Treasury Reports

16 May 2019

According to the General Treasury of the Kingdom (TGR), the situation of the Treasury’s charges and resources shows a budget deficit of 14.1 billion dirhams (MMDH). This is (…)

Morocco Launches Tax Probe into Unexplained Wealth of Officials’ Mistresses

22 April 2019

A vast operation has been carried out by the financial control services in order to audit the assets belonging to mistresses of senior Moroccan officials.