Morocco Extends Informal Sector Amnesty for Another Year, Aiming to Boost Tax Compliance

This is a second chance because "this system has not produced the expected effects due to the difficult economic situation and more precisely because of the Covid-19 effect," observes L’Économiste, specifying that taxpayers carrying on an activity liable to income tax are concerned by this measure. "By identifying themselves for the first time with the tax administration, from January 1, 2021, they will only be taxable on the basis of the income earned and the operations carried out from that date," the same source assures.

In this sense, the persons concerned are required to deposit with the local tax office to which they belong, all on the nature, quantity and value of the constituent elements of their stock, informs the same source, who recommends "close collaboration and pooling of the means of the DGI and the Ministry of the Interior", for a good management of the issue of the informal sector, which, the media points out, weighs more than 20% of GDP, excluding the primary sector and 10% of Morocco’s formal imports.