Due to the spread of the pandemic and the slow recovery, Morocco’s public finances are in poor shape. At the end of October, the kingdom is facing a budget deficit of 50.5 billion DH and tax revenues are down 13.4 billion DH.
In Morocco, the VAT on fruits and vegetables is between 7% and 8%. It also penalizes the competitiveness of the sector against competition.
Companies that excel at fake invoices are in the sights of the authorities. With the strengthening of the fight arsenal of the Directorate General of Taxes (DGI) , the hunt is set to be tough for the forgers.
A significant drop in tax revenues is expected according to the forecasts of the 2021 Finance Bill (PLF). As could be expected, the adverse effects of the health crisis due to Covid-19 will still be felt hard next year.
Casablanca and Rabat concentrate 81.7% of tax revenues, according to the Court of Auditors in its report on the execution of the 2019 state budget. In terms of corporate income tax (IS), out of a tax population of 493,617 taxpayers recorded, only 358,617 are active. The active population does not pay its annual obligations, however.
In two months, private clinics have lost one billion dirhams. The coronavirus pandemic will have caused, for the same period, clinics, pharmacies and medical practices, a drop of 85% in their turnover.
The National Office of Electricity and Drinking Water (ONEE) is hit hard by the coronavirus. The company recorded a worrying 15.5% drop in electricity consumption as of March 31.
The architects grouped within the National Council of the Order of Architects are satisfied, after their big coup carried out with the Directorate General of Taxes last week, which confers on them significant advantages.
In Morocco, nearly 10 billion DH of VAT were refunded in 2019. Meanwhile, the budget deficit continues to widen.
Since Wednesday, January 29, construction materials from Morocco are subject to control at the Ceuta border crossing. This is the decision made by the government of the autonomous city.
The tax authorities are strengthening the Common Business Identifier (ICE) system. The objective is to cross-check the turnover figures of taxpayers, in order to avoid underestimating turnover and eroding the tax base.
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).