Tax & Accountancy
From The Report: Morocco 2020
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In conjunction with Ernst & Young, this chapter explores the taxation system and Morroco’s efforts to build an investor-friendly environment. It also contains an interview with Abdelmejid Faiz, Tax Partner, EY Maroc.

Articles from this Chapter

Overview

New landscape: The finance law for 2020 has brought significant changes to tax rates and exemptions for a variety of products and businesses
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Finance Law No. 70-19 (FL 2020), relating to FY 2020, was enacted by Dahir No. 1-19-125 on December 13, 2019 and published in Official Gazette No. 6838 bis on December 14, 2019. The provisions of the new finance law should be read in conjunction with the recommendations from the national tax conference that took place in May 2019, as well as the conclusions made by the European Commission that placed Morocco on the grey list of tax jurisdictions in non-EU countries. This article includes…

Viewpoint

Time for change: Abdelmejid Faiz, Tax Partner, EY Maroc, on reforming the tax framework to improve administration and efficiency
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Viewpoint:Abdelmejid Faiz The year 2019 was marked by the organisation of the country’s third national tax conference. The objective of this forum was to launch a genuine reform of the Moroccan tax system, the implementation of which could be spread over a maximum period of five to 10 years. It should be recalled that the last major tax reform in Morocco dates back to the mid-1980s and early-1990s, and led to the establishment of the country’s first modern, globally coherent tax system…