- The Moroccan Chamber of Representatives accepted Bill No. 50-25, the 2026 Finance Bill, for consideration.
- The bill proposes a 12% ad valorem tax on imported timber, with exemptions for certain wood products.
- It expands VAT exemptions to include fertilizers, agricultural growing media, investment goods for qualifying companies, metals, and sales by public sports federations.
- VAT deductions will be allowed for investment projects with valid State agreements for up to 36 months, extendable by 24 months.
- Entities with turnover of 50 million Moroccan dirhams (US$5.4 million) must withhold VAT on payments to service providers.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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