Morocco Extends Check Amnesty Program Amid Ongoing Health Emergency

The decision has been made, but no date has been specified. During this period, in the case of a first injunction for a payment incident, the tax penalty is now 0.5% of the value of the check(s), instead of 5% normally. As for the second injunction, the tax penalty is reduced to 1% against 10%. For the third injunction and more, it drops to 1.5%, instead of the normal 20%.

However, payment incidents by checks remain a major problem in Morocco. Thus, according to Bank Al-Maghrib (BAM) statistics, for 2019, they climbed by 2.2%, from 460,288 to 470,515 incidents, or 13.8 billion dirhams. And regularization operations are not keeping up: 111,375 checks cleared for an amount of 1.7 billion dirhams. 689,045 operators are prohibited from issuing checks, of which 87.2% are individuals.