Keywords: Tax
The Moroccan government has unveiled a significant package of wage increases and tax reforms designed to improve the financial well-being of public sector employees and workers across various industries. This announcement follows a series of social dialogue meetings held in April, highlighting the government's......
Bitcoin reached new highs in March 2024, surpassing $72,000. While this performance is excellent news for cryptocurrency investors, it also raises questions about the tax obligations associated with these digital assets. With the recent evolution of legislation governing the management of crypto-assets,......
In a testament to Morocco's strong economic performance, the Kingdom's General Treasury (TGR) has reported that net customs revenues soared to a remarkable MAD 20 billion ($2 billion) in the first quarter of 2024, marking a 1.8% increase compared to the same period the previous year. According......
Morocco has embarked on a monumental journey of tax reform, unveiling a series of groundbreaking initiatives set to redefine its fiscal landscape and catalyze economic prosperity. These sweeping reforms, spanning from the simplification of the Value-Added Tax (VAT) regime to the promotion of philanthropic......
Minister of Economy Nadia Fettah Alaoui assured Moroccan citizens on Tuesday that the government's tax overhaul for 2024 will not diminish their purchasing power. Addressing concerns raised by the Supreme Audit Board before parliament, Nadia Fettah Alaoui confidently stated that the proposed VAT......
Recent amendments to Morocco’s customs code aim to streamline litigation procedures for questionable goods not physically seized. By easing the transaction process for these disputed items declared openly without seizure, customs authorities hope to boost tax and duty recovery while still protecting......
Morocco's General Directorate of Taxation (DGI) has outlined its ambitious goals for the next five years through its newly unveiled 2024-2028 strategic plan. Building upon the successes of its prior 2017-2021 strategy, the DGI seeks to fortify tax collection, encourage civic duty, modernize processes......
In a pivotal stride toward fortifying Morocco's agricultural cooperative landscape, the 2024 Finance Law heralds an extended VAT exemption designed to invigorate the sector. This progressive measure not only seeks to slash operational costs but also aims to propel the competitiveness and expansion......
Moroccan smokers are set to experience a deeper dent in their wallets in the coming year as the government greenlights yet another increase in cigarette taxes. This move, embedded in the recently ratified 2024 budget, signifies the government's continued commitment to reducing smoking rates through......
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