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Tax system in Morocco: The treasurer intensifies his actions in favor of greater transparency

22/11/2023
Categories: Compliance

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The Kingdom's treasurer is stepping up his actions to promote greater tax transparency, strengthen government revenue, and promote tax compliance. Thus, the tax administration tracks assets kept at home

.

The state persists in its effort to lock down the tax system, putting in place various measures to ensure greater financial and fiscal transparency. After the amnesty linked to the liberatory contribution on foreign assets, attention is now focused on assets that sleep

at home.

The treasurer reinstates an amnesty allowing individuals with undeclared liquid assets to voluntarily regularize their tax situation. The finance bill specifically provides for a tax provision requiring the deposit of liquid assets into a bank account and the payment of a release contribution equivalent to 5% of the assets concerned, according to L'Economiste in its edition on Tuesday, November 21

.
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