Morocco Extends Tax Amnesty Deadline for Inactive Businesses

Companies that, for the last four fiscal years, have not generated any turnover, or have paid the minimum amount of the minimum contribution, and wish to declare bankruptcy, have the possibility of benefiting from an exemption from tax audits and an automatic cancellation of penalties for non-declaration and non-payment of taxes for non-prescribed fiscal years, the DGI said in a statement.

To benefit from this measure, the DGI has invited the companies concerned to proceed, electronically, to the declaration of total cessation of activity during this year 2024. They are also required to pay, in parallel with this declaration, a lump sum of 5,000 dirhams of corporate tax or income tax, for each non-prescribed fiscal year.

The companies concerned must also provide the tax office with a document attesting to their removal from the commercial register, as well as a request for removal from the professional tax. For more information, companies are asked to consult circular note No. 733 on the tax provisions of the 2023 Finance Law, available on the DGI portal.