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Spain targets wealth disparity in new tax control initiative

Spain's tax agency has unveiled an ambitious new plan aimed at scrutinizing individuals whose visible wealth does not align with their reported income. This initiative is part of the Spanish Tax Agency's (AEAT) Tax Control Plan for 2025, which emphasizes the investigation of taxpayers showing......

Morocco's tax authority urges timely declaration of unpaid invoices

Morocco’s tax authority, La Direction Générale des Impôts (DGI), has issued a statement urging businesses to electronically submit their declarations for the year 2024 by April 1, 2025. This initiative emphasizes the importance of compliance, particularly for companies with......

Spain faces EU legal action over discriminatory tax for non-residents

In recent months, Spain has found itself in the spotlight as the European Union prepares to take legal action against the country for imposing a discriminatory tax on non-residents. This issue has gained traction since Prime Minister Pedro Sánchez announced plans to address the housing crisis,......

Morocco's Customs Revenue Experiences Modest Growth in Early 2025

Morocco’s treasury reports that customs revenues have demonstrated resilience in the early months of 2025, with net receipts reaching MAD 14.735 billion ($1.47 billion) by the end of February. This figure marks a 1.3% increase compared to the same period last year, showcasing the stability of Morocco’s......

New measures to curb mass tourism in Spain's Balearic Islands

Authorities in the Balearic Islands—Mallorca, Menorca, Ibiza, and Formentera—are introducing a series of measures aimed at controlling mass tourism and fostering a more sustainable tourism model. These initiatives include taxes on rental vehicles and steep fines for illegal tourist accommodations. The......

Increase in Tax Revenues by 24.6% by End of January 2025

The Ministry of Economy and Finance (MEF) reported that tax revenues reached 30.79 billion dirhams (MMDH) by the end of January 2025, marking an increase of 24.6% compared to the same period in 2024. In its recent Treasury Charges and Resources document (SCRT), the ministry emphasized that the revenues......

Mark Carney’s entry into Canada’s Liberal leadership race: A challenge of recognition

Mark Carney, a former central banker renowned for guiding institutions through financial crises and addressing the economic dangers of climate change, has emerged as a leading candidate in the race to become the next leader of Canada’s Liberal Party. However, despite his high international profile,......

Morocco's Tax Reforms Yield $29.5 Billion, Fueling Social Programs

Morocco's comprehensive fiscal reforms have driven remarkable growth in tax revenue, reaching MAD 299 billion ($29.5 billion) in 2024, marking a significant increase from MAD 199 billion ($19.5 billion) in 2020. This surge in revenue has enabled substantial investments in social welfare programs,......

Morocco's Tax Program Nets MAD 6 Billion in Treasury Funds

Morocco's voluntary asset disclosure initiative has generated MAD 6 billion for the public treasury from declared assets totaling MAD 127 billion, according to government spokesperson Mustapha Baitas during a Thursday press conference. The program has successfully strengthened relationships between......