Daily tax report: International
July 2, 2021, 10:55 a.m.
A tax reform bill also proposes introducing a new carbon tax and rationing billions of dirhams worth of tax breaks for sectors such as real estate, Finance and Economics Minister Mohamed Benchaaboun told lawmakers when the bill was first presented.
- The gradual move towards a flat corporate tax is aimed at applying best international practices
- Benchaaboun added that the bill will shift tax breaks to high value added sectors such as industrial and high-tech sectors
- The bill aims at a smooth transition to tax compliance for the informal sector and “the integration of the informal sector is a strategic goal of tax reform …
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