Morocco Launches $270 Million VAT Refund Plan for Businesses, Boosting Liquidity
The refund of VAT arrears for private companies announced by the government will start next week and will be gradual until April 2022.
By Armel
To this end, an envelope of 2.5 billion dirhams (MMDH) has been mobilized to refund the VAT credit arrears.
More specifically, 1.5 billion dirhams (MMDH) will be released next week and 9 MMDH before the end of April 2022, in order to allow companies, mainly small and medium-sized ones, to have significant liquidity, in a context of crisis and thus strengthen their investment and development.
