Moroccan Opposition Seeks Clarity on EU Tax Data Exchange for Expats

In a letter addressed to the President of the Finance Committee in the House of Representatives, the President of the PJD parliamentary group, Mustapha Ibrahimi, affirms that he wants to thoroughly examine the file of automatic exchanges of fiscal data.

On behalf of the PJD parliamentary group, Mustapha Ibrahimi is demanding from the government the communication of all the measures taken upstream to guarantee the interests of Moroccans residing abroad in the series of conventions signed with many European countries.

Regarding the application of the principle of reciprocity in the exchange of data between tax administrations, the parliamentary group of Mustapha Ibrahimi wants tangible proof of compliance with Article 214 of the 2020 Finance Act.

At the end of March, the Directorate General of Taxes (DGI) had denied the existence of a clause on the automatic exchange of tax information between the signatory countries of the multilateral convention for the implementation of BEPS-related measures signed by Morocco in June 2019.

Some media had established the link between this convention and the obligation for non-residents to declare, from 2021, their bank accounts held in Morocco in their tax returns filed in their country of residence.

"The purpose of the aforementioned convention (BEPS) does not concern the automatic exchange of information. Morocco is not bound by any commitment to exchange information automatically for tax purposes during the year 2021," the DGI had hammered.