فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
During the Third National Car Rental Conference held in Fes on December 25, 2024, at the Marriott Hotel, Dr. Mohamed Jamal Matouq addressed several critical points regarding the economic sector in Morocco, particularly focusing on the government’s voluntary tax settlement initiative. Dr. Matouq explained that the government had launched this initiative, which will end on December 31, 2024. It allows individuals and companies the opportunity to legally deposit their concealed funds in banks and pay only 5% of the hidden amounts in taxes.
He also pointed out that Morocco’s Gross Domestic Product (GDP) stands at 1700 billion dirhams, with half of this amount, approximately 800 billion dirhams, circulating in the market illegally, whether in real estate, businesses, or factories. He clarified that these undeclared funds could significantly contribute to supporting the national economy if they were channeled into the official financial system.
Dr. Matouq further discussed the potential consequences for concealed funds that have not been deposited in banks before the deadline of December 31, 2024. He stressed that if these hidden funds are discovered after this date, their owners will be required to pay taxes of up to 30% or more on these amounts starting January 1, 2025. He provided an example to illustrate this: if an individual has 500 million dirhams hidden, they would face a high tax rate if the funds are not regularized before the end of the year.
Dr. Matouq called for encouraging citizens to deposit their funds legally in banks, emphasizing that this initiative helps stimulate the national economy by providing additional financial resources to support major developmental projects, such as creating one million job opportunities. He also noted that the government must provide significant funding to support these initiatives, especially given its heavy commitments, which include direct social support and organizing major sports events like the Africa Cup of Nations and the World Cup.
source : fesnews media
