Taxes

Morocco Enforces Annual Self-Construction Cost Declarations for Homeowners

6 February 2021

Every year, anyone building their personal home must declare the construction cost before the end of February. This procedure concerns construction sites opened from January 1, (…)

Morocco Offers Tax Relief to Struggling Tourism Sector Amid Pandemic

4 February 2021

The Directorate General of Taxes (DGI) is rushing to the aid of the tourism sector, one of the most affected by the coronavirus crisis and a major provider of foreign exchange (…)

Moroccan Tax Authority Cracks Down on $3 Billion Fake Invoice Fraud

27 January 2021

The General Directorate of Taxes (DGI) is in open struggle against fake invoices. To better track down counterfeiters, it can now do without the Anti-Tax Fraud Commission and (…)

Morocco’s Budget Deficit Hits 7.6% of GDP Amid COVID-19 Economic Challenges

25 January 2021

The Ministry of Economy, Finance and Administrative Reform indicated that at the end of December 2020, the Amended Finance Act (LFR) revealed a budget deficit of 82.4 billion (…)

Moroccan Restaurant Industry Calls for Government Aid Amid Ongoing Crisis

18 January 2021

Through a letter addressed to several authorities, the Moroccan Confederation of Food Trades (CMMB) defends the interests of the restaurant sector, which has been severely (…)

Morocco’s Alcohol and Tobacco Taxes Yield $195 Million Despite Pandemic

14 January 2021

The domestic consumption tax (TIC) on alcohol and tobacco generated 1.95 billion DH for the state accounts, despite the health crisis.

Morocco’s Tax Amnesty Yields Over 500 Million Dirhams from Undeclared Assets

10 January 2021

As part of the amnesty granted by the State in 2020, the undeclared liquid assets, normalized with the banks, will bring in more than 500 million DH to the Moroccan tax (…)

Morocco’s Informal Economy Shrinks to Below 30% of GDP, Study Shows

9 January 2021

The informal economy has fallen to less than 30% of GDP between 2009 and 2018. This is the result of a study entitled "Measurement and evolution of the informal economy in (…)

Morocco Unveils Tax Relief Measures in New Local Taxation Law

7 January 2021

The new law on local taxation has been in force in the kingdom since January 1, 2021. It contains many modifications, beneficial to taxpayers.

Morocco Extends Vehicle Import Deadline for Non-Residents to June 30 Amid Travel Restrictions

6 January 2021

The expiration deadline for temporary admissions of passenger vehicles imported by non-resident motorists to Morocco has been extended until June 30, 2021. The announcement was (…)