VAT

Morocco’s Budget Deficit Soars to 50.5 Billion Dirhams Amid COVID-19 Crisis

15 November 2020

Due to the spread of the pandemic and the slow recovery, Morocco’s public finances are in poor shape. At the end of October, the kingdom is facing a budget deficit of 50.5 (…)

Moroccan Fruit and Vegetable Industry Pushes for VAT Exemption to Boost Competitiveness

14 November 2020

In Morocco, the VAT on fruits and vegetables is between 7% and 8%. It also penalizes the competitiveness of the sector against competition.

Tax Authorities Crack Down on Fake Invoice Schemes in Morocco

12 November 2020

Companies that excel at fake invoices are in the sights of the authorities. With the strengthening of the fight arsenal of the Directorate General of Taxes (DGI), the hunt is (…)

Morocco’s 2021 Budget Forecasts Sharp Decline in Tax Revenue Amid COVID-19 Impact

1 November 2020

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 (…)

Casablanca and Rabat Regions Generate Over 80% of Morocco’s Tax Revenue, Report Shows

5 October 2020

Casablanca and Rabat concentrate 81.7% of tax revenues, according to the Court of Auditors in its report on the execution of the 2019 state budget. In terms of corporate income (…)

Morocco’s Private Healthcare Sector Faces Billion-Dirham Loss Amid COVID-19 Crisis

12 June 2020

In two months, private clinics have lost one billion dirhams. The coronavirus pandemic will have caused, for the same period, clinics, pharmacies and medical practices, a drop (…)

Morocco’s Electricity Demand Plummets 15.5% Amid COVID-19 Industrial Slowdown

9 April 2020

The National Office of Electricity and Drinking Water (ONEE) is hit hard by the coronavirus. The company recorded a worrying 15.5% drop in electricity consumption as of March 31.

Architects Secure Major Tax Breaks in Deal with Moroccan Tax Authority

6 March 2020

The architects grouped within the National Council of the Order of Architects are satisfied, after their big coup carried out with the Directorate General of Taxes last week, (…)

Morocco Refunds 10 Billion Dirhams in VAT as Budget Deficit Widens

1 February 2020

In Morocco, nearly 10 billion DH of VAT were refunded in 2019. Meanwhile, the budget deficit continues to widen.

Ceuta Tightens Border Controls on Moroccan Construction Materials to Combat Smuggling

31 January 2020

Since Wednesday, January 29, construction materials from Morocco are subject to control at the Ceuta border crossing. This is the decision made by the government of the (…)