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A $5,000 lump-sum tax costs a Moroccan company €107,130 in France
France

A $5,000 lump-sum tax costs a Moroccan company €107,130 in France

A holding company based in Morocco asked the French tax authorities to refund €107,130 withheld from its dividends. The courts refused: its Moroccan lump-sum tax does not qualify it for the exemption provided for under the agreement between the two countries.

Moroccan AI technology to monitor French factory machinery
Morocco

Moroccan AI technology to monitor French factory machinery

A predictive maintenance solution developed by OCP Maintenance Solutions is set to be offered to French industrial companies. The Moroccan group’s subsidiary is partnering with Japan’s NTN to detect breakdown risks using data and artificial intelligence.

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