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Keywords: Tax
A stringent property tax measure outlined in Morocco's 2024 Finance Act is poised to significantly impact real estate and business sales transactions within the country. Sale contracts can no longer be drafted until the seller obtains tax clearance, marking a pivotal change in the legal landscape. The......
The "tax amnesty" initiative, introduced by Morocco's 2023 Finance Law for inactive companies, has recently been extended until December 31, 2024. Initially met with subdued interest, attributed to unfamiliarity with the legal framework, apprehensions about tax implications, and a tendency......
Hunter Biden, the son of U.S. President Joe Biden, finds himself once again in the judicial spotlight with a new indictment for tax fraud in California. This latest development comes after the nullification of a plea deal reached earlier this summer between Hunter and prosecutor David Weiss, an agreement......
On Wednesday, Morocco's Lower House took a pivotal step in the approval process for the 2024 Finance Bill, amidst heated discussions on proposed tax reforms. In a narrow decision, lawmakers pushed the budgetary legislation forward in a second reading, garnering support from 87 members of parliament,......
Morocco's upper parliamentary chamber decisively approved the initial phase of the 2024 Finance Bill on Wednesday, advancing a series of far-reaching and controversial tax reforms amidst staunch opposition. By a slender margin of 51-49, the bill's first section, which outlines comprehensive......
