
Morocco Introduces 10% VAT on Cafes and Cultural Venues
Café operators and certain cultural institutions are subject to a 10% value added tax. This is indicated in a note published by the Directorate General of Taxes (DGI).

Café operators and certain cultural institutions are subject to a 10% value added tax. This is indicated in a note published by the Directorate General of Taxes (DGI).

The French and Arabic versions of the 2020 Finance Act measure give different interpretations of the five-year exemption from corporate tax (IS).

The new increase in taxes planned by the Moroccan Government against the tobacco industry, starting in early 2020, will have a direct impact on cigarette prices.

Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM), during a press conference, called on Moroccans holding undeclared assets or property abroad to regularize their situation.

The Minister of Finance, Mohamed Benchaâboun, has just canceled the measure of total exemption from income tax (IR) for retirees, before the finance committee of the first chamber of Parliament. The latter met to proceed with the second reading of the Finance Bill (PLF).

Contrary to the information relayed by L’Economiste , and cited by Bladi.net , the Directorate General of Taxes (DGI) has not signed any agreement with the Federation of Real Estate Developers (FNPI).

Children will spend less to get the new biometric identity card. This was one of the key amendments introduced by parliamentary advisors to the Finance Bill (PLF 2020).

The General Treasury of the Kingdom has introduced a liberatory contribution on pecuniary penalties related to payment incidents. This novelty is part of an amendment to the 2020 Finance Act.

Morocco needs 12,000 doctors in the public sector. Yet the Ministry of Health will only recruit 4,000 people in 2020, including nurses and administrative staff. This is what the 2020 budget provides, according to the minister’s remarks.

770 million dirhams will be spent in 2020 for military service, according to the Minister of Defense, who took the opportunity to lift the veil on the expenses related to this reform launched last year.

The House of Representatives has approved new measures that will govern taxation for the year 2020, pending the results of the international Road show which plans to raise one billion dirhams on the financial markets.

Major changes will take place with the arrival of the new Finance Law 2020 . Among the reforms implemented by the Moroccan government, the increase of one of the VAT brackets from 7% to 10%.