Morocco Reassures Expats on OECD Tax Agreement, Citing No Impact on Rights

This initiative was aimed at helping Morocco to be removed from the Financial Action Task Force (FATF) gray list since January 2023. According to Baïtas, no rights of MREs, wherever they are in the world, will be compromised by this decision.

Moroccan associations and activists abroad had called for the suspension of this agreement, fearing that it would negatively affect Moroccans in Europe who wish to retire in Morocco or invest in real estate with their savings. While recognizing the need to combat money laundering and tax evasion, they expressed concern that the measure would unfairly penalize those who have saved to acquire a vacation or retirement home in Morocco.

According to these associations, this fiscal exchange could push MREs to choose between selling their possessions in Morocco or living in their country of residence, a situation they consider unfavorable for the country and the citizen. To address this issue, they have requested meetings with all parliamentary groups in the House of Representatives on July 25 and with members of the Committee on Foreign Affairs, National Defense, Islamic Affairs and Moroccans Residing Abroad, on the 26th of the same month.