Morocco Unveils 10-Point Plan to Revive Tourism Sector Amid COVID-19 Crisis

A new public-private pact composed of 10 proposals and in line with the program contract. This is what the National Tourism Council (CNT) proposes to ensure the preservation of companies and avoid massive job destruction, reports Les Inspirations ÉCO.

The CNT notably proposes to establish, with the public authorities, a citizen principle for the application of support measures which allows the start of reimbursements to be subject to the opening of the sky and the lifting of the state of emergency, so that the operators meet their social, fiscal and financial commitments as soon as the health and security conditions allow it. It also suggests extending the system of payment of the lump-sum allowance by the CNSS, revising the schedules for the payment of social security contributions deferred and due in 2020 and 2021, for a start of reimbursement as soon as the travel restrictions are lifted.

Other proposals: a tax moratorium for the years 2020 and 2021, for local taxes, in particular the professional tax, for a start of reimbursements 6 months after the lifting of travel restrictions with repayment over 48 months, without fees or penalties; the reprofilage of Daman Oxygène credits and bank debt recorded in the long term with the GPBM with postponement of the maturities of leasing credits, consumer credits for companies in the sector as well as their employees; a start of reimbursement 12 months after the lifting of travel restrictions, without fees or penalties and the acceleration of the implementation of the Tourism Fund backed by the Mohammed VI Fund for the injection of equity or quasi-equity into the balance sheet of companies in the sector.