Home Economy Reforming Taxation of the Financial Sector Cost State Treasury MAD 2.5 bilion:...

Reforming Taxation of the Financial Sector Cost State Treasury MAD 2.5 bilion: Official

Mohamed Boussaid

Tangier – Moroccan Minister of Economy and Finance, Mohamed Boussaid,  said earlier this week that the tax reform has cost the state treasury MAD 2.5 billion.

On Monday June 2, 2014 in Rabat, an opening session of a consultative meeting was held between the Finance Committee of the Parliament and the Ministry of Economy and Finance. The meeting discussed the recommendations towards adjusting  the national debate especially regarding the levies.

During his speech, the Minister of Economy and Finance, Mr. Mohammed Bousaid, said that the measures initiated by the government to reform taxation of the financial sector cost the Moroccan treasury MAD 2.5 billion in 2004.

Mr. Mohammed explained that since the beginning of the financial year he has also taken several measures seeking to reform this sector, especially to simplify regulations, begin the process of classification, accelerate the procedures of attending and administering complaints, and update as well as develop the IT systems.

© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributed

SHARE
Previous articleSmoking Hookah Increases Risk of Cancer: Study
Next articleKing Mohammed VI’s Informal Walk down Tunisian Streets Surprises Tunisians