In order to mitigate the consequences of the health crisis on the 2020 finance law, and thus strengthen the relationship of trust between the Moroccan administration and the taxpayer, several measures have been put in place as a tax amnesty, until the end of December next.
The regulation of raw and manufactured tobacco in Morocco has been updated through draft law 66-20. The project was voted on by the Finance and Productive Sectors Committee on Thursday, November 12, just after the adoption of the 2021 finance bill.
The Finance Committee of the first Chamber has just adopted two new measures as part of registration fees. Thus, the incentives for real estate developed in the 2020 Amending Finance Act are extended until June 2021.
In Morocco, the VAT on fruits and vegetables is between 7% and 8%. It also penalizes the competitiveness of the sector against competition.
Alcohol will cost more next year in Morocco. This price increase follows the increase in the tax on alcoholic beverages provided for in the draft finance law.
An amendment has been introduced in the 2021 Finance Bill to cancel penalties and surcharges on taxes prior to January 1 and unpaid as of December 31, 2020. This amnesty is part of the measures enacted by the government to mitigate the impact of the economic crisis due to the coronavirus pandemic on the situation of taxpayers.
The draft law 07-20 on taxation in Morocco is once again coming to the fore. It was analyzed and adopted during the government council on Thursday, November 5.
In total, 89,070 declarations have been filed in the various financial jurisdictions of the Kingdom. This means that thousands of people have not yet taken the necessary steps.
A significant drop in tax revenues is expected according to the forecasts of the 2021 Finance Bill (PLF). As could be expected, the adverse effects of the health crisis due to Covid-19 will still be felt hard next year.
The Minister of Justice, stated before the House of Representatives that a strategy is being put in place to make the operations of recovering fines and pecuniary convictions more effective.
Opinion makers on the web, influencers often enjoy large incomes that escape the tax authorities. Without legal status, they do not declare their income and represent a large shortfall for the State.
The DGI attaches more importance to the corrective declaration, which obliges the Moroccan taxpayer to file it within ten days, once the statement of irregularities has been received. Instructions have been given to the regional directorates to this effect.