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Rabat – The Moroccan government adopted Draft Decree 2.18.638 for applying the value added tax in the general tax code during a meeting on Thursday, according to Mustapha El Khalfi, the government spokesman.
The draft law aims to speed up the processing of cases concerning the refund of value added tax by creating a simplified way to file applications for tax-exempt or suspended transactions. Article 103 of the tax code provides for the exemptions, El Khalfi added in a statement read at the end of the meeting.
Read Also: Morocco to Raise Taxes on Soft Drinks by 50%
In October, the government approved the 2019 Finance Bill which reduced taxes by 2.5 percent on companies whose profits range from MAD 300 million to MAD 1 billion.
In 2017, Oxfam launched a tax justice program in an attempt to achieve just distribution of resources and fiscal transparency in Morocco.
