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Keywords: Tax revenue


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......

Moroccan Finance Ministry Pushes for Tobacco Price Increases Amid Stagnant Tax Revenues

Morocco’s Ministry of Economy and Finance is exerting pressure on tobacco companies to raise cigarette prices following disappointing revenue collections from the Domestic Consumption Tax (TIC) on manufactured tobacco. Sources within the ministry indicate that these tax revenues have fallen below......

Colombia Faces Unprecedented Tax Revenue Plunge, Necessitating Drastic Spending Cuts

Colombia finds itself in an unprecedented predicament with a historic decline in tax revenue collection, potentially forcing the government to implement significant spending cuts this year. This concerning revelation emerged on Friday from the Autonomous Committee for Fiscal Rules (Carf), a public entity......

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