X

Keywords:


Tax Reform - The Court of Auditors Warns of Budgetary Impact on Households

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.......

Morocco's Tax Overhaul: Navigating Property Sales with Mandatory Tax Clearance

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......

Extension of Tax Amnesty for Inactive Companies in Morocco

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 Charged with Tax Fraud: A New Chapter in Legal Proceedings

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......

Moroccan Parliament Advances Controversial 2024 Budget Bill

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,......

Moroccan Parliament Greenlights Contentious Tax Overhaul Despite Public Backlash

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......