The Moroccan Council of Councilors voted on the controversial 2023 Finance Law, which was opposed by the Bar and Doctors Syndicates and criticized by several political and social parties, while economic observers viewed it as a good start in the fight against tax evasion.
The House of Representatives had approved, during a plenary session last November, by majority, the draft finance law for the fiscal year 2023, as the project received the approval of 175 deputies, while 66 deputies opposed it, and two deputies abstained from voting.
The Council of Advisors approved a new amendment in the draft law regarding the value-added tax regarding companies and liberal professions. The tax is divided into two categories: the first is 10 percent, and it applies to companies and self-employed persons who work in self-employed professions and make less than 50,000 dirhams ($ 47,463) in profits, and the second is 20 percent and applies to those who make profits more than that amount.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
