In recognition of the Kingdom's efforts in financial reforms and fiscal governance and a series of measures, Morocco has been removed from the EU’s tax haven grey list. The EU Foreign Affairs Council, comprising the 27 EU Foreign Ministers, adopted its conclusion on non-cooperative jurisdictions for tax purposes. For the EU, Morocco now complies with all international tax standards and is now on the green list. A European Union spokesman said; "Morocco has been engaged in actions to ensure compliance with global principles of transparency and fair taxation, as set out in the EU list criteria since 2018"
Morocco’s 2020 Finance Law and 2021 Finance Law brings amendments to the tax regime of the financial hub, Casablanca Finance City to make it in line with the principles of fair tax competition. Morocco has also reformed in line with EU standards two preferential tax regimes relating to free zones and export companies.
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NAZALI TAX & LEGAL |