As part of the update of the list of tax havens, Brussels will soon host a much-awaited meeting for Morocco. This will be an opportunity to find out if the Kingdom’s efforts will be crowned, so that its name finally leaves the European gray list.
The approval of the draft decree-law reorganizing CFC is the last step taken by Morocco for an effective exit from the EU’s gray list of tax havens. The Kingdom will therefore be informed of its fate on October 6.
The Moroccan experience in the fight against coronavirus is the subject of two studies conducted by the Organization for Economic Co-operation and Development (OECD). A first study compares all the MENA countries, including the kingdom, and the second is entirely devoted to the measures taken by Morocco in the face of covid-19.
Violence in North and West Africa is intensifying, according to the new report of the Sahel and West Africa Club (SWAC) of the Organisation for Economic Co-operation and Development (OECD). More than 60,000 people were killed between 2015 and 2019, according to the same report, which commends Morocco for managing to rise above this escalation of violence in the region.
The General Directorate of Taxes (DGI) intends to put an end to tax havens. In this sense, it will receive details of accounts abroad as of September 1, 2021 due to the expansion of the liberating contribution on money to bank deposits.
The implementation of the tax amnesty on assets held abroad, included in the 2020 Finance Bill (PLF), will be a reality as early as 2020. Far from being a "fraudulent routine", this liberating contribution is in line with a convention signed by Morocco .