During a press conference following the government’s meeting on Thursday, January 9, 2025, Mustafa Baitas, the Minister Delegate for Relations with Parliament and the Government Spokesperson, revealed the total amount collected from individuals participating in the voluntary tax declaration process aimed at settling their tax status.
Baitas explained that the total value of the declarations made so far amounted to 127 billion dirhams. This amount reflects the efforts of individuals who declared their undeclared profits and incomes before January 1, 2024. The voluntary declaration process covered individuals who were obligated to disclose their taxable assets and incomes that had not been reported within the required timeframe.
He highlighted that the scope of this voluntary declaration included profits and incomes from individuals, encompassing funds deposited in bank accounts, securities, as well as movable property and real estate not used for professional purposes. The declarations also included loans granted and registered in the current accounts of partners and users.
The government spokesperson noted that a 5% contribution rate had been established for this voluntary settlement, providing citizens with an opportunity to regularize their financial situation with the treasury. This, in turn, helps improve the state’s financial resources and secure the necessary funding for public expenditures.