Rabat – Morocco’s tax authority, La Direction Générale des Impots (DGI), released a statement today urging businesses to submit their 2024 declarations electronically before April 1.
DGI also urged companies to pay any applicable fines by the same deadline.
This applies to businesses with an annual turnover between MAD 10 million ($1 million) and MAD 50 million ($5 million), excluding value-added tax (VAT), for the fiscal year ending before January 1, 2024.
These businesses are required to declare all invoices issued after January 1, 2024, that remain unpaid beyond the legal deadline.
For businesses with a turnover exceeding MAD 50 million ($5 million), the obligation is stricter. They must submit a quarterly declaration before the end of the month following each quarter, the statement said.
The DGI warned that penalties apply to all unpaid invoices issued from January 1, 2025, even if the invoice amount is MAD 10,000 ($1,000) or less.
The tax authority added that businesses must still submit declarations even if they do not have overdue invoices.
“It should also be noted that the absence of unpaid invoices on time does not exempt you from the reporting obligation,” reads the statement.
To facilitate compliance, DGI said companies can download the necessary guidelines and data exchange documents from the DGI’s official website.
