Morocco Launches $270 Million VAT Refund Plan for Businesses, Boosting Liquidity
25 December 2021
The refund of VAT arrears for private companies announced by the government will start next week and will be gradual until April 2022.
VAT
Morocco’s Customs Revenue Surges 24% to 63.29 Billion Dirhams in November
14 December 2021
At the end of last November, customs revenue reached more than 63.29 billion DH, marking a 24% year-on-year growth, according to the General Treasury of the Kingdom (TGR).
Morocco to Repay $1 Billion in VAT Credits to Businesses by Year-End
30 November 2021
The government will soon proceed to repay debts to companies. A minimum of 1 billion dirhams will be paid by the end of next December.
Morocco’s RNI Party Unveils 270 Billion Dirham Economic Plan Without New Taxes
17 September 2021
Winner of the September 2021 legislative elections, the RNI has estimated its electoral program at 270 billion dirhams for the next five years. Tax expert and former president (…)
Morocco’s Alcohol Tax Revenue Surges to 619 Million Dirhams in First Half of 2021
13 August 2021
Taxes on the consumption of alcohol and beer brought in about 619 million dirhams to the state’s accounts in the first half of 2021. This is indicated by data from the General (…)
Morocco’s Tax Revenues Shift: Corporate Tax Falls 13%, Personal Income Tax Rises
8 April 2021
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%, (…)
Study: VAT Fears Drive Informal Sector Growth in Morocco
4 March 2021
Value Added Tax (VAT) represents "the main tax component" that informal sector players fear the most. This is the result of a study carried out by the High Commission for (…)
Oxfam Report: Morocco’s Tax System Fails to Address Growing Wealth Gap
18 January 2021
Faced with the persistence of social inequalities in these times of Covid-19, Oxfam Maroc makes the diagnosis and formulates several recommendations.
Moroccan Textile Industry Faces Crisis as Global Demand Plummets Amid Pandemic
24 November 2020
The health crisis due to Covid-19 has not spared the textile sector. Faced with the constant threat to the sector’s production capacities, there are fears of plant closures and (…)
Morocco Cracks Down on Fake Invoices: Tax Fraud Now Punishable as Forgery
20 November 2020
The issuance of fictitious invoices will now be severely punished by the Directorate General of Taxes (DGI). On Thursday, November 12, an amendment was proposed in this (…)