X

Keywords:


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......

Morocco's Tax Amnesty Drive Yields USD 22 Million, Unveils Hidden Assets

Morocco's recent tax amnesty initiative has successfully concluded, generating MAD 231.7 million (USD 22 million) in additional tax revenue through its Voluntary Asset Disclosure Program. The program, which ended on December 31, 2024, was designed to encourage Moroccans to declare assets and liquidity......

Trump's Impact on Mike Johnson's Reelection as House Speaker Amid GOP Divisions

On January 3, U.S. House of Representatives Speaker Mike Johnson secured reelection to the position by a narrow margin, showcasing the potential fractures within the Republican Party under President Donald Trump’s influence. Johnson’s victory in a roll-call vote, which lasted nearly two hours,......

Morocco's 2025 Cigarette Tax: Budget Brands Face Steep Price Jump

Morocco is set to implement significant price increases on cigarettes in 2025, with entry-level brands bearing the brunt of the adjustment as part of the government's broader tax reform strategy. The move aims to create a more balanced tobacco market by reducing the price disparity between budget......

Morocco's Record-Breaking Tax Amnesty Draws $10 Billion in Undeclared Assets

Morocco's latest tax amnesty program has concluded with exceptional results, attracting declarations of MAD 100 billion ($10 billion) in previously undeclared assets. This historic achievement marks a twentyfold increase compared to the 2020 amnesty results, significantly surpassing the government's......

Morocco Announces Comprehensive Wage and Tax Reform Package for 2025

The Moroccan government has unveiled a comprehensive wage and tax reform package set to take effect in 2025, aimed at boosting purchasing power and stimulating domestic consumption amid inflationary pressures. Starting January 1, 2025, the guaranteed minimum interprofessional wage (SMIG) will increase......

 The 2025 General Tax Code A New Milestone in Tax Reform

The General Tax Directorate (DGI) has published the 2025 General Tax Code (CGI), which introduces important updates to the 2024 edition. These revisions are in line with the changes introduced by the Finance Law No. 60-24. The new CGI is structured into three volumes, each addressing different aspects......

Legal Consequences for Spain’s Former Economic Leader

Rodrigo Rato, former managing director of the International Monetary Fund (IMF) and ex-minister of the Spanish economy, has been sentenced to over four years in prison following his conviction for tax crimes, money laundering, and corruption. The verdict was issued by a Madrid court, which found Rato......

Andrew Tate Convicted of Tax Fraud in the UK, Faces Asset Seizure

Andrew Tate, a controversial figure, has been convicted in the United Kingdom on charges of tax fraud. On December 18, Westminster Court delivered its verdict, ruling that Tate and his brother, Tristan, had deliberately evaded taxes on earnings amounting to £21 million ($25.4 million) generated......