Morocco Tax Agency Posts Circular on Tax Measures Under 2024 Finance Act

The Moroccan General Tax Administration Feb. 12 posted online Circular No. 735, on tax measures under the 2024 Finance Act. Topics covered include: 1) expanded VAT exemptions for essential products, progressively aligned VAT rates for various goods and services, a new VAT reverse charge regime, and a new withholding tax regime for VAT; 2) clarifications of the VAT regime applicable to building rentals, and of corporate tax rates and adjusted tax rates for specific income thresholds; 3) improved tax compliance measures and simplified tax calculation procedures; 4) clarification of the deductibility of social security contributions for professionals, self-employed workers, and ...