Social measures
The social measures are intended to support organizations through the extension of the period of exemption granted in respect of VAT to transactions carried out by micro-credit associations, and promotion of the health sector by removing the formality of VAT exemption on equipment for people with special needs.
For real estate, finance law provides for improving the tax treatment of housing low-value property (DH 140 000) and DH 140,000 DH instead of 60,000.
The Finance Act also granted tax benefits for artists and professional athletes, through the exemption of artistic and literary prize, the amount does not exceed 100,000 annually DH and relief of taxation of professional athletes with the granting an abatement of 40% uncapped.
Measures for improving the business climate
To improve the business climate, the law provides for the postponement of the repeal of the exemption from the IS and IR,given to companies based in the free zone of Tangier port, until 31 December 2013. The law also provides for the institution of the corporate tax system with sports a reduced rate of 17.5% during the first 5 years.
Measures to finance government spending
The registration fee will increase from 3% to 4% for land, buildings with bare or intended to be demolished, and reserved to the realization of operations of subdivision or construction of premises and for the acquisition of premises built by natural or legal persons, intended for residential , commercial, professional or administrative
use
The IMB states that the first sale of public housing and those with low property values ??remains subject to 3%.
Stamp duties on the vehicles were first registered in Morocco will know also increased, according to vehicle category.
The rate of annual tax on motor vehicles was increased only for vehicles with the fiscal power is greater than or equal to 11 horses. The law also provides for the abolition of the exemption of the special annual tax on motor vehicles that exceed 2 5 years of age. The IMB states that these provisions shall have effect from 1 January 2013.
Measures to improve relations with taxpayers
To improve relations with taxpayers, tax obligations will experience some simplification by providing taxpayers taxed at rates redeeming the deposit of the declaration of total income, by extending the qualifying period of eight years instead of 10 years, individual contracts or collective pension insurance contracts and life insurance or capitalization concluded? before 2009.
An article in L'Economiste reports that banks can be held responsible for late or non payment of tax by their clients and clients accounts can be frozen in the event of non payment of tax.
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