conditions.
On Wednesday, the Moroccan government, represented by Mustapha Baitas, Minister Delegate for Relations with Parliament and Government Spokesman, announced a new tax reform aimed at inactive companies.
Baitas explained that these changes follow the amendments to the Finance Act, adopted with the collaboration of parliament. These inactive companies, which have not fulfilled any tax obligations and have not undertaken any activities or operations during the last three tax years, are now faced with a choice: regularise their situation or
leave the tax system under certain conditions.
These conditions include the regularisation of provisionally suspended tax obligations, via a special procedure guaranteeing the rights of the companies concerned. In addition, the scheme also targets businesses that have generated no turnover or have paid only the minimum contribution required.
This reform is designed to allow an orderly exit from the tax system for inactive businesses, enabling the authorities to concentrate their efforts and support on active businesses.
Minister Baitas also reiterated the government’s commitment to pursuing far-reaching tax reform, notably affecting corporation tax, value-added tax and income tax. These reforms, he said, had already succeeded in significantly increasing tax revenues, contributing to the country’s stability and economic growth.
MN/te/fss/as/APA