New information offered by Faouzi Lakjaa, Minister Delegate to the Minister of Financial system and Finance accountable for the finances, on the standing of property revenue tax in Morocco.

On this regard, Lakya stated throughout an in-depth dialogue of the 2023 Finance Invoice within the Home of Councilors Committee on Finance, Planning and Financial Improvement this week that actual property earnings which are declared by the tax administration are usually not all the time practical, indicating that that the stability is derived from revenue tax by actual property good points of 24.7 billion dirhams.

However, the Minister Delegate to the Minister of Financial system and Finance, accountable for the finances, refused to waive the brand new tax necessities associated to revenue tax on actual property revenue, in reference to the request for the administration’s preliminary opinion.

Fawzi Lakjaa stated: “The federal government has not raised the tax on actual property revenue. Slightly, now we have solely requested those that wish to promote actual property to contact the tax administration and ask for recommendation on the weather of figuring out actual property internet revenue. in regards to the tax.

The Ministry of Financial system and Finance seeks by this measure to manage actual property transactions and combat tax fraud.

On this regard, Article 234, repeated 4 instances, offers for the request for a preliminary opinion of the administration on revenue tax on revenue from actual property.

In response to the aforementioned article, individuals topic to revenue tax on actual property revenue might “request a preliminary opinion from the tax administration relating to the weather of figuring out taxable internet revenue from actual property and the quantity of tax equivalent to it, and, if crucial, relating to the precise to exemption from this tax.”

This request have to be submitted electronically in a kind ready by the Division inside thirty days of the date of completion of the promise to promote, with the necessity to connect it to the weather associated to the sale course of to be accomplished and proof of paperwork associated to the willpower of the tax or exemption from it, in addition to some other doc or info that substantiates this request.

The Finance Invoice offers the tax administration a sixty-day time restrict to supply a response, which is equal to a certificates of “tax fee or exemption of the individual involved”. This reply stays legitimate for six months.

In response to the brand new necessities of the Draft Regulation on Finance, within the occasion {that a} taxpayer submits a declaration after confiscation and pays tax based mostly on the weather of the certificates of no taxes, he’s exempt from tax management in relation to revenue tax by deriving actual property revenue, but when he isn’t submitted on the idea of this The certificates could also be topic to correction by the tax administration.

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