Maroc Telecom Agrees to Pay $60 Million in Tax Settlement After Audit

– byArmel · 1 min read
Maroc Telecom Agrees to Pay $60 Million in Tax Settlement After Audit

Maroc Telecom and the tax authorities have reached a protocol agreement for the settlement of an amount of 600 million dirhams, following a tax audit carried out in June 2022.

The agreement was signed in December, reports Financial Afrik, which points out that this tax burden will have consequences on the annual results of the mobile operator. The company had disbursed a few weeks earlier, 1 billion dirhams for corporate income tax.

The tax audit had covered corporate income tax (IS), income tax, VAT, the Social Solidarity Contribution and registration and stamp duties for the last four fiscal years (2018 to 2021), which are, from a tax point of view, non-prescribed years.

It should be recalled that the operator had announced in October 2022, the payment of a fine of 2.45 billion dirhams, imposed by the National Telecommunications Regulatory Agency (ANRT), corresponding to a "liquidation of a penalty".