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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......
The Court of Auditors is sounding the alarm. In its annual report released on December 19, the institution warns of the potential effects of tax reform on household budgets. Initiated by Law 69-19, this overhaul aimed to establish a fairer tax system while generating resources to fund public policies.......
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......