Economic system and Finance Minister Nadia Fattah Al-Alawi revealed the measures that the federal government intends to soak up the sector of tax reform.
Al-Alawi defined in her response to a written query despatched by the Nationwide Union of Labor of Morocco to the Council of Councilors and acquired by Hespress that articles 4, 9 and 13 of the tax reform framework regulation set out a number of mechanisms and situations for reaching the preliminary targets that the federal government is working in the direction of, offering for monetary legal guidelines in accordance with the step-by-step methodology outlined throughout the framework of this regulation.
The case, in line with the official, is expounded to the observance of the precept of neutrality of the worth added tax, bearing in mind the preservation of the exemption from the fee of fundamental supplies, by increasing the scope of this tax, decreasing the variety of costs and generalizing the fitting to gather this tax.
On this context, the Minister additionally pointed to the continuation of the gradual development in the direction of a single company tax price, particularly in relation to industrial actions, the continued gradual discount of minimal tax charges and the adoption of measures aimed on the improvement of progressive enterprises. , particularly those that work within the area of contemporary applied sciences, analysis and improvement, in addition to within the area of social.
Along with this, revision of the progressive scale of private revenue tax charges, broadening the bottom of this tax, work on compatibility with the foundations of excellent governance utilized on the worldwide degree within the area of assortment in accordance with agreements and treaties. are inside this framework, guaranteeing the rights of collectors and the rights of administration, in addition to the revision of the foundations relating to the gathering of territorial collectives and quasi-tax collections, for comfort, rationalization, clarification, simplification and aggregation.
On this regard, Al-Alawi recorded that the tax reform has truly began from 2020, noting that he’s conscious of the significance of accelerating the implementation of the suggestions of the nationwide debate on taxes for 2019, which had been subsequently set for the aforementioned Framework. Legislation No. 69.19. A few of these suggestions have been uploaded in accordance with the Legislation No. Finance for 2020 and the regulation for amending it, in addition to the Legislation for Finance for 2021, which has contributed to the promotion of funding and incentives for corporations to be able to preserve their competitiveness, cut back the fiscal burden on them and develop the tax base, the minister provides.
In the identical context, Al Alawi confirmed that the fiscal measures included within the 2022 Finance Legislation, which had been initially thought-about the primary constructing block for fiscal reform supplied for within the aforementioned framework regulation issued in July 2021, had been additionally aimed toward encouraging funding. . which provides worth and creates high quality jobs by means of a number of tax measures.
The Minister of Finance said that Article 3 of the Legislative Framework No. 69.19, regarding tax reform, supplies for a number of primary targets that the state is striving to attain, together with decreasing the fiscal burden on taxpayers in parallel with the growth of the tax base, devoting the precept of tax neutrality within the area of worth added tax value and encourage contracting to assist their competitiveness on the nationwide and worldwide ranges, simplify and rationalize the gathering of territorial collectives, simplify and adapt the tax system utilized to actions within the neighborhood with restricted revenue and combine the casual sector into the organized financial system.