LOWTAX.NET
by Ulrika Lomas, Tax-News.com, Brussels
Moroccan Minister of General Affairs Najib Boulif has announced that the government is planning a large-scale tax reform for the 2013 budget.
Boulif has indicated that the government is currently preparing proposals to reform the value-added tax (VAT) and corporate tax regime, while the personal income tax system should remain mostly unchanged.
The Moroccan government is aiming for a budget deficit below 6% of gross domestic product (GDP) for 2013, with gradual corporate tax cuts over the next few years. The VAT reform would consist in eliminating distortions and inefficiencies in the current regime.
Boulif also criticized the the EU for ‘dumping’ goods into Morocco, and proposed to revise the FTA between Morocco and the EU.
Tags: tax | trade | budget | corporation tax |value added tax (VAT) | Morocco | tax reform
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