This regularization concerns individuals for their profits and taxable income in Morocco, not having been declared before January 1, 2024, indicates the DGI in a press release.
Furthermore, it constitutes the source of liquid assets deposited in bank accounts and liquid assets held in fiat currency in the form of bank notes, adds the same source.
It also concerns the financing of expenses, in particular acquisitions of movable or immovable property not intended for professional use and the subscription of advances in partners’ current accounts or in the operator’s account and loans granted to third parties.
The taxpayers concerned are required, before the end of December, to deposit the liquid assets as well as the related declaration with a credit institution approved as a bank.
Likewise, they are asked to submit a declaration to the tax administration and to pay the contribution for movable or immovable property, advances in partners’ current accounts, into the operator’s account, as well as as loans granted to third parties.
The amount of assets and expenses declared for which the contribution was paid, the rate of which is set at 5% of the value of these assets and expenses, will not be taken into consideration for the rectification of the taxable bases during the audit. tax of the taxpayer concerned.
Furthermore, this amount will not be considered for the evaluation of the overall annual income as part of the procedure for examining the entire tax situation of individuals, referred to in article 216 of the General Tax Code.
When the contribution is paid at the bank level, the latter does not transmit to the DGI any information allowing the identification of the declarant in order to safeguard his anonymity.
This measure is explained in circular note no. 735 relating to the tax measures of finance law no. 55-23 for the 2024 budget year, published on the DGI portal, at the address (www.tax .gov.ma), concludes the press release.