VATupdate

Share this post on

Morocco Settles VAT Arrears, Eases Tax Burden to Support SMEs and Financial Stability

  • The Moroccan government released nearly 78 billion dirhams to settle VAT arrears and ease business cash flow pressures.
  • Reforms include reducing and unifying the corporate tax minimum rate to 20% for companies with profits below 100 million dirhams, benefiting SMEs.
  • New laws and monitoring systems were introduced to improve payment transparency and ensure timely supplier payments.
  • State-backed financing tools and investment funds have been expanded to support green growth, startups, investment, and job stability.

Source: en.hespress.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.



Sponsors:

Pincvision

Advertisements:

  • Exchange Summit