Morocco’s tax authority, DGI, urges businesses to submit 2024 declarations electronically by April 1, 2025. All unpaid invoices issued after January 1, 2024, must be declared. Penalties apply for unpaid invoices from January 1, 2025, and compliance is mandatory even without overdue invoices. Companies can access guidelines on the DGI’s official website.
Morocco’s tax authority, La Direction Générale des Impôts (DGI), has issued a statement encouraging businesses to electronically submit their 2024 declarations by April 1. Additionally, it is recommended that these companies pay any applicable fines by the same deadline.
This directive is aimed at businesses with annual turnovers between MAD 10 million ($1 million) and MAD 50 million ($5 million), not including value-added tax (VAT), for the fiscal year concluding before January 1, 2024. These companies must declare all invoices issued after January 1, 2024, that have not been paid by the legal deadline.
For companies exceeding a turnover of MAD 50 million ($5 million), stricter measures apply; they are mandated to submit quarterly declarations by the end of the month following each quarter, as stated by DGI. Furthermore, the authority cautioned that penalties will be imposed on all unpaid invoices generated from January 1, 2025, regardless of whether the invoice amount is MAD 10,000 ($1,000) or less.
It is essential to highlight that businesses are compelled to file declarations even if no invoices are overdue. The DGI indicated, “The absence of unpaid invoices does not exempt you from the reporting obligation.” To assist with compliance, companies can access the necessary guidelines and data exchange documents through the DGI’s official website.
In summary, businesses in Morocco are strongly advised by the DGI to declare unpaid invoices electronically by April 1, 2025, particularly those with significant annual turnovers. The implications of failing to adhere to these requirements include penalties for unpaid invoices issued from January 1, 2025. Moreover, all businesses are obligated to submit declarations, regardless of their invoice status.
Original Source: www.moroccoworldnews.com
