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Keywords: Taxes
Morocco's tax revenues reached unprecedented levels in 2024, with net collections amounting to MAD 220.52 billion ($24.23 billion), as revealed by the General Directorate of Taxes (DGI) in its annual report. This figure marks a 16% increase from the previous year and represents 111% of the targets......
The Spanish government has unveiled a draft bill aimed at curbing speculation in the housing market through a series of fiscal measures, notably introducing a 'supertax' targeting non-EU non-resident property buyers. This legislation seeks to address the pressing challenges of rising rental costs......
If you possess substantial assets and are either a resident or non-resident in Spain, you may find yourself liable for the nation’s wealth tax, known as "el impuesto de patrimonio." This annual levy is assessed based on the total net value of your assets as of December 31st of the previous......
Moroccan entrepreneurs can now create businesses online across the country, eliminating the burden of lengthy administrative procedures and marking a milestone in the nation’s digital transformation. The Moroccan Office of Industrial and Commercial Property (OMPIC) has officially expanded its......
The Moroccan government has decided to extend the pre-authorization system for copper exports until February 18, 2026, according to a circular issued by the Customs and Indirect Taxes Administration (ADII). This decision aims to strengthen oversight of the export of this strategic metal, continuing measures......
British manufacturing experienced its sharpest contraction in 11 months this December, as revealed by a recent survey. Weak foreign demand, rising costs, and increased tax burdens drove manufacturers to scale back operations, including workforce reductions, signaling broader economic challenges. Declining......
Morocco's Administration of Customs and Indirect Taxes (ADII) has unveiled a groundbreaking initiative aimed at transforming customs operations across Africa. The newly launched "AfriDou@ne" program, a cornerstone of ADII's 2024-2028 Strategic Plan, represents a significant step toward......
Morocco has taken decisive action to protect its domestic manufacturing sector by imposing substantial anti-dumping duties on electric ovens imported from Turkey. The measure specifically targets non-built-in, portable ovens with a capacity of up to 70 liters, falling under tariff code 8516.60.00.11. The......
The General Tax Directorate (DGI) has published the 2025 General Tax Code (CGI), which introduces important updates to the 2024 edition. These revisions are in line with the changes introduced by the Finance Law No. 60-24. The new CGI is structured into three volumes, each addressing different aspects......