Fiscal agenda

Check your tax deadlines:

Income-taxe

Tax Deadlines: March 2018

IMPORTANT : Declarations and payments made by companies and the liberal professions, with the exception of lump sums, must be made electronically.

Payment of the Income Tax withheld at source for the month of February by:

  • Employers and debiriters on life wages and pensions;
  • Physical persons residing or having an activity in Morocco, for remuneration paid to physical persons not residing in Morocco;
  • Clinics and similar establishments, on fees and remuneration paid to non-patentable doctors who perform medical or surgical procedures in such clinics and establishments;
  • The debtor companies, for the distribution, book entry or provision of:
    • Income from shares, company shares and similar income;
    • Fixed income investment products

Payment of the Income-tax withheld at source as part of the profits of movable capital 

Authorized financial intermediaries holding securities accounts must pay withholding tax on the profits from the transfer of securities within one month of the transfer to the tax authorities’ receiver’s cash office.

Declaration of Real Estate Profits

Owners, usufructuaries and persons liable for tax in respect of transfers of immovable property or related rights in remittance must submit a declaration to the tax authorities against receipt  within thirty days of the date of transfer, where applicable, at the same time as the payment of the tax provided for in Article 173 of the General Tax Code.

In the event of expropriation for public use, the above-mentioned declaration must be filed  within thirty days of the date of receipt of the expropriation compensation.

Declaration of income and profits from movable capital (from Moroccan and foreign sources)

  • Declaration of profits from movable capital from Moroccan sources

Taxpayers who transfer securities and other equity and debt securities not registered in an account with financial intermediaries must submit, against a receipt at the same time as the payment, an annual declaration to the tax authorities of the place of their tax domicile before 1 April of the year following the year in which the transfers were made

  • Authorized financial intermediaries holding securities accounts and banks must summarize for each holder of securities, the transfers made each year, in respect of movable capital from Moroccan sources, on a declaration, drawn up on or according to a model form of the administration, which they are required to send by registered letter with acknowledgement of receipt or deliver against receipt, before 1 April of the year following that of the transfer to the tax inspector at their headquarters.
  • Declaration of profits from movable capital from foreign sources

Authorised financial intermediaries holding securities accounts and banks must summarise, for each holder of securities, the transfers made each year in respect of securities capital from foreign sources, on a declaration, drawn up on or in accordance with a model form of the administration, which they are required to send by registered letter with acknowledgement of receipt or deliver against receipt, before 1 April of the year following that of the transfer to the tax inspector at their registered office.

  • Declaration of income from shares, company shares and similar income

When the payment, making available or recording in an account of the proceeds of shares, corporate shares and similar income from foreign sources is made through authorised financial intermediaries holding securities accounts, the latter must send by registered letter with acknowledgement of receipt or deliver, against receipt, to the tax inspector of their registered office, their main place of business in Morocco before 1 April each year, the declaration of the above-mentioned products, on or according to a model form drawn up by the administration.

  • Reporting of fixed income investment products

Where the authorised financial intermediaries holding securities accounts pay, make available or book entry of foreign fixed-income investment income, the abovementioned declaration must be made by these intermediaries before 1 April each year and must include the same information as that given on the declaration of income from shares, company shares and similar income.

N.B : These provisions apply to returns filed on or after January 1, 2015 in respect of income and profits from foreign-source movable capital received, made available or recorded in the account of the beneficiary.

Payment of the Tax-income as income and profits from foreign-source movable capital 

  • Authorised financial intermediaries holding securities accounts and banks must pay, before 1 April of the year, the withholding tax on income and profits from foreign-source movable capital that have been received, made available or recorded in the account of the beneficiary, to the cash office of the recipient of the tax administration at their registered office.
  • Tax due on income and profits from foreign-source movable capital is paid spontaneously to the tax administration’s tax collector before 1 April of the year following that in which the income and profits were collected, made available or recorded in the beneficiary’s account.

 

Source: General Tax Department

Company Income Tax

  • IMPORTANT: All companies subject to corporate income tax must file their returns and make payments electronically

    I-Declaration of tax income

    • Declaration to be submitted by companies taxable or exempt from corporation tax before the end of the third month following the closing date of their financial year, for companies whose financial year coincides with the calendar year (Art. 20-I and IV of the C.G.I.).
    • Payment of installments spontaneously before the end of the 3rd, 6th, 9th and 12th months following the opening date of the current financial year or payment of the minimum amount of the minimum contribution of three thousand (3,000) dirhams, in a single payment, before the end of the 3rd month following the opening date of the current financial year (Art.170-I of the CGI).
    • Payment of the 1st installment of the corporation income tax installment for companies whose financial year coincides with the calendar year. 

     *Declaration of turnover (Corporate income tax), to be submitted, for the preceding calendar year 2017, by non-resident companies awarded works, construction or assembly contracts that have opted for the flat-rate tax of the corporate income tax (art. 20-II of the CGI).

     *Payment of the corporation income tax for the sums received in February 2018, for non-resident companies awarded works, construction or assembly contracts that have opted for flat-rate taxation (art. 170-VI of the CGI).

    II-Declarations of remuneration paid to third parties and non-residents, to be submitted at the same time as the above-mentioned tax income statement.

    1-Declaration to be submitted by companies operating in Morocco, including non-resident companies that have opted for flat-rate taxation, for fees, commissions, brokerage and other remuneration of the same nature or discounts, rebates and rebates granted after invoicing and allocated to taxpayers registered for business tax, for the closed financial year (Art. 151-I of the C.G.I.);

    2-Declaration to be submitted by clinics and similar establishments, for surgical or medical acts performed by doctors subject to professional tax during the closed financial year (Art. 151-II of the C.G.I.);

    3-Declaration to be submitted by clinics and similar establishments, for the fees and remuneration they paid to doctors not subject to professional tax during the closed financial year (Art. 151-III of the C.G.I.);

    • Payment by clinics and similar establishments of the amount of the withholding tax, levied the previous month (February 2018), on the fees and remuneration of doctors not subject to professional tax who perform medical or surgical procedures there (Articles 157 and 174 of the CGI);

    4-Declaration by taxpayers residing or having an activity in Morocco of the remuneration referred to in Article 15 of the CGI paid, made available or recorded in the accounts of non-resident persons during the closed financial year (Art. 154 of the C.G.I.);

    • Payment of the withholding tax, levied the previous month (February 2018), on remuneration paid, made available or recorded in the accounts of non-resident persons by taxpayers paying or involved in the payment of such remuneration (Articles 160 and 171 of the CGI);
    • When the non-resident natural or legal person is paid by a non-resident third party, the tax is due by the client company or organization in Morocco (art.160-II of the CGI.).

    III-Declaration of taxable income in respect of capital gains from the sale of securities

    • Declaration to be subscribed by non-resident companies not having an establishment in Morocco, in respect of capital gains resulting from transfers of securities made in Morocco and this, within 30 days following the month during which the said transfers were made (Art. 20-III of the C.G.I.);
    • Payment, at the same time as the filing of the above-mentioned tax return, of the corporation tax due by non-resident companies on sales of securities made. (Art. 170-VIII of the C.G.I.).

    IV-Declaration of income from shares and similar incomes

    • Declaration to be made by companies that pay, make available or register beneficiaries in Morocco or abroad, the proceeds of shares, company shares and similar income and profits from the establishments of non-resident companies (Art. 152 of the C.G.I.);
    • Payment of the withholding tax, levied the previous month (February 2018), on the income from shares and similar income paid, made available or recorded in the accounts of beneficiaries in Morocco or abroad by public and private credit institutions, companies and institutions (Articles 158 and 171 of the C.G.I).

    V-Annual declaration of fixed income investment products and sukuk certificate income 

    • Declaration to be made by companies that pay, make available or record fixed income investment products and income from Sukuk certificates before April 1 (Art. 153 of the CGI);
    • Payment of withholding tax, levied the previous month (February 2018), on fixed-income investment products and income from sukukuk certificates paid, made available or credited to beneficiaries by public and private credit institutions, companies and institutions (Articles 159-I and 171 of the C.G.I).

    Source: General Tax Department

Value Added Tax

The monthly electronic declaration and the payment of the Value Added Tax for the month of February must be made before the expiry of March for taxpayers subject to the monthly declaration regime.

Pro rata declaration

Taxable persons carrying out both taxable and exempt transactions without the right to deduct or outside the scope of the tax are required to file a pro rata return by March 31at the latest.

Source: General Tax Department

Stamp Duties

  • Are payable on declaration:

– Stamp duties on on-screen advertising;

– Stamp duty for companies whose annual turnover for the last financial year ended is equal to or greater than two million (2,000,000) DHS.

NB : In the event that the turnover generated during a given financial year is less than two million (2,000,000) dirhams, the company is released from the obligation to pay on the statement only when said turnover has remained below this amount for three (3) consecutive financial years.

  • The payment of stamp duty on declarations concerns:

    • – Advertisers of on-screen advertising who must subscribe for each month, a declaration of the advertisements scheduled for the following month and pay the corresponding fees to the receiver of the competent tax administration;

    – Companies that are required (or permitted) to pay stamp duty on returns, which must pay the duty collected for one month before the end of the following month to the receiver of the competent tax administration.

    Source: Source: General Tax Department