Morocco
Morocco Updates Tax Procedures: 15 Changes Announced by Directorate General of Taxes
As part of improving the quality of its services to the taxpayer, the Directorate General of Taxes (DGT) has just updated the list of tax procedures.
Topic
Taxes
Morocco
Moroccan Billionaires Dodge $120 Million in Taxes Through Festival Sponsorships
The tax evasion known in the business world in Rabat means that several companies and Moroccan billionaires have avoided paying more than 1.2 billion dirhams in taxes, thus accumulating huge fortunes.
Morocco
Morocco Aligns Tax Regime with EU Demands to Avoid Blacklisting
Starting in 2020, the Casablanca business and finance hub, CFC Casablanca, will establish the same tax regime for companies on both export and local activities. This decision follows the request for adjustment of tax provisions issued by the European Union.
Morocco
Morocco's Tax Authority Resolves 91% of Disputes, Majority Within 30 Days
Out of the 107,481 dispute cases handled in 2018, the Directorate General of Taxes (DGI) says it has settled 91%, of which 70% in less than 30 days. The majority of the complaints received are related to local taxes, income tax, corporate tax and Value Added Tax (VAT).
Morocco
Moroccan Importers Accused of $260 Million Fraud Scheme
The coordination between the Foreign Exchange Office and the Customs services made it possible to uncover the fraudulent activities of certain Moroccan importing companies. More than 2.6 billion dirhams were diverted as part of false declarations of imported goods.
Morocco
Study Reveals 96% of Moroccan Cigarettes Exceed Legal Tar Limits
96% of cigarettes sold in Morocco are "out of standard". 71% contain 14 mg of tar, and come mainly from two manufacturers: Marquise from the Société Marocaine des Tabacs (SMT) and Winston from Japan International Tobacco.
Morocco
Morocco Considers Taxing Tech Giants Facebook and Google
With its 16 million users in Morocco, Facebook is making record profits in the country. The Moroccan authorities intend to claim their share of the cake.
Morocco
Moroccan Customs Uncovers $1 Billion in Fraudulent Invoices, Recovers $300 Million in Penalties
The customs services have succeeded, thanks to the use of digitization, in identifying several false declarations with a total value of 10 billion dirhams, forcing the offenders to repay three billion dirhams in penalties.
Morocco
Morocco's Trade Deficit Narrows Amid Slowing Economic Growth
In Morocco, the signs of a slowdown in economic activity are still very visible. Indeed, Médias24 reveals that despite the reduction in Morocco’s trade deficit, exports grew by only 4.1% at the end of March and imports by 1.5%.
Morocco
Moroccan Exporters Push for Tax Reforms Ahead of National Conference
The Moroccan Association of Exporters is taking the lead and making a series of recommendations aimed at easing the tax burden on this sector. This series of reforms to the tax structure comes ahead of the National Tax Conference, which will take place on May 3 and 4 in Skhirat.
Morocco
Moroccan Business Group Proposes 20% Corporate Tax to Boost Economy
The General Confederation of Moroccan Enterprises (CGEM) has proposed a tax reform plan that should boost the morale of businesses and households, and allow a real economic recovery, if approved by the government.
Morocco
Moroccan Tax Revenues Surge 11.8% in First Quarter, Boosting Government Finances
The government can breathe a sigh of relief. Tax revenues collected at the beginning of this year are in the green with a strong increase of more than 11% compared to the same period last year.