The establishment of sports companies has required legal and tax changes. During a conclave held on Tuesday, the Directorate General of Taxes (DGI), the CNSS, and club representatives reviewed the implications of this reform. It is noted that clubs will be exempt from taxes for the next 5 years.
In 2020, the revenue of local authorities fell during the first 11 months of the year, leading to a reduction in the spending of municipalities, regions and prefectural and provincial councils. This cash flow tension is the direct consequence of a 12.8% decrease in direct taxes and a 12.7% decrease in indirect taxes.
The revenues from the social solidarity contribution, an additional tax introduced in the 2021 finance law, amounted to 3.3 billion DH at the end of April 2021.
The Covid-19 health crisis has left its mark, particularly on public finances. In 2020, customs revenue recorded a 10% drop compared to 2019.
French actor and singer Gérard Lanvin returned on Sunday to the reasons why he chose to settle in Morocco. The guest of Laurent Delahousse on France 2 took the opportunity to defend his first album, Ici-bas, and his next film Envole-moi, to clarify his family situation.
Any taxpayer who has not yet paid their tax, duty or fee must do so before July 1st to benefit from the cancellation of penalties and fines. The Directorate General of Taxes reminds taxpayers of the conditions to benefit from this advantage.
There is now a simplified digital guide to access the additional tourist allowance. The Office des Changes (Foreign Exchange Office) provided on Monday the necessary explanations on the operating conditions of the "Additional Tourist Allowance" (DTS) service, through a publication on its website.
Moroccan taxpayers benefit from significant relief on tax arrears and tax burdens imposed for the year 2020 and unpaid as of December 31 of the same year.
The new law 55-19 relating to the simplification of administrative procedures and formalities grants certain facilities to client-users, indicates a circular published by the Moroccan Customs and Indirect Taxes Administration (ADII).
The Directorate General of Taxes has noted a divergent evolution of revenues from corporate income tax (CIT) and personal income tax (PIT) revenues. While CIT is down 13.2%, PIT is recording double-digit growth. This opposite evolution of tax revenues is not without consequences.
The PJD parliamentary group in the House of Representatives, faced with the concern of Moroccans residing abroad (MREs), calls for a meeting of the Finance Committee in order to examine with the government the issue related to the automatic exchange of tax information with the EU.
Fearing sanctions for non-declaration of bank accounts they hold in Morocco in their countries of residence or host countries before September 2021, many Moroccans living abroad (MRE) would have rushed to their banks to empty their accounts.