Morocco Doubles Tax Audit Threshold to 240,000 Dirhams
11 December 2019
The Directorate General of Taxes (DGI) has revised the taxpayer’s overall income based on expenses, making a few changes.
Taxes
Morocco to Receive Foreign Bank Account Data in Tax Crackdown
3 December 2019
The General Directorate of Taxes (DGI) intends to put an end to tax havens. In this sense, it will receive details of accounts abroad as of September 1, 2021 due to the (…)
Morocco Debates Alcohol Tax Hike Amid Concerns Over Illegal Trade
30 November 2019
Advisors to the Second Chamber of Parliament expressed their disagreement during the examination of the 2020 Finance Bill (PLF) regarding the increase in the tax on alcoholic (…)
Morocco Revises Tax Policy: Landlords to Pay Income Tax Only on Collected Rent
23 November 2019
Landlords’ Income Tax (IR) on rental income will now only be paid on rents received. This is one of the new measures just adopted by the tax authorities.
Morocco Approves Tax Reforms for 2020, Including Corporate and Income Tax Changes
20 November 2019
The House of Representatives has approved new measures that will govern taxation for the year 2020, pending the results of the international Road show which plans to raise one (…)
Morocco Boosts Tax Breaks for Professional Athletes, Citing Short Careers
10 November 2019
Professional athletes will see the flat-rate deduction on their employment income increase from 40 to 50%. This provision, contained in the 2020 Finance Bill (PLF), was (…)
Morocco Modernizes Customs System to Combat Tax Evasion and Smuggling
2 November 2019
A convention to acquire a new integrated and secure marking system has been signed between the Customs and Indirect Taxes Administration (ADII) and the company SICPA SA. This (…)
Morocco to Cut Corporate Tax Rate to 20% by 2024 to Boost Investment
31 October 2019
In order to encourage investment and improve competitiveness within companies, the Moroccan Government has just adopted a new legal regime, aimed at reducing the Corporate Tax (…)
Morocco Overhauls Tax System to Align with EU Standards, Raises Corporate Rates
23 October 2019
The 2020 Finance Bill addresses the Corporate Income Tax (CIT) at great length. Its concern is to comply with the requirements of the European Union (EU) by starting to apply a (…)
Morocco Proposes Corporate Tax Cut for Industrial Firms in 2020 Budget
22 October 2019
In the coming months, a reduction in the marginal Corporate Income Tax (CIT) rate, from 31% to 28%, for industrial companies on their domestic turnover, could be applied. This (…)