RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Land procedures: The ANCFCC launches the obligation of electronic payment

28/03/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

As of April 14, 2025, the National Agency for Land Conservation, Cadastre and Cartography will implement electronic payment for all procedures related to land conservation. This reform aims to simplify processes, make transactions more transparent and efficient, while helping to reduce fraud and improve the country's tax revenues.

The National Agency for Land Conservation, Cadastre and Mapping (ANCFCC) is taking an important step in its digital transition: as of April 14, 2025, electronic payment will become mandatory for all costs related to real estate conservation. This measure, announced on 20 March 2025 by the Director General of the ANCFCC, aims to make transactions more transparent and efficient

.

This initiative is part of the 2018 decree and is part of a vast administrative modernization project. By switching to electronic payments, the Agency wants to speed up the processing of cases, limit errors related to manual procedures and fight more effectively against land fraud, which costs public finances billions every year. According to media reports, the project should also increase tax revenues, with forecasts reaching 9.5 billion dirhams in 2025, against 8.6 billion

in 2023.

In 2022, more than 962,000 real estate rights registrations were registered, directly affecting both individuals and real estate professionals. The electronic payment obligation will concern all requests for registration or registration of fees in the Register of Study Documents (R1). In addition, to support this transition, the Agency is setting up technical support and plans to share details on the implementation of the measure in the coming months.

This reform is also part of a global tightening of fiscal policy, supported by new decrees and circulars, to better regulate tax exemptions. An important measure concerns the abolition of tacit exemptions on collateral guaranteeing the VAT of investment funds, which will now be taxable in the absence of explicit mention in the

General Tax Code.

Fiscal reinforcement is also reflected in close cooperation between the ANCFCC and the Directorate General of Taxation (DGI), with 114 land titles cross-checked in 2023. The aim is to close the loopholes used by fraudsters and to ensure more rigorous taxation

.
Provided by AWS Translate

0 COMMENTAIRE