La Direction Générale des Impôts (DGI) in Morocco urges businesses to electronically declare their unpaid invoices by April 1, 2025. Companies with a turnover of MAD 10 million to MAD 50 million must declare unpaid invoices issued post-January 1, 2024. Stricter regulations apply to those with a turnover exceeding MAD 50 million, requiring quarterly declarations. Penalties for unpaid invoices apply starting January 1, 2025.
Morocco’s tax authority, La Direction Générale des Impôts (DGI), has issued a statement encouraging businesses to file their 2024 declarations electronically before April 1, 2025, and to settle any applicable fines by the same date. This directive pertains to companies with an annual turnover ranging from MAD 10 million ($1 million) to MAD 50 million ($5 million), excluding value-added tax (VAT), for the fiscal year concluding prior to January 1, 2024.
In addition to the electronic filing requirement, businesses must declare all unpaid invoices that were issued after January 1, 2024, which are past the legal deadline. For companies exceeding a turnover of MAD 50 million ($5 million), there is a stricter requirement to submit quarterly declarations at the end of the month following each quarter.
The DGI has cautioned that penalties will be imposed for all unpaid invoices issued from January 1, 2025, regardless of the amount being MAD 10,000 ($1,000) or less. Moreover, businesses are required to submit declarations even in the absence of overdue invoices. The statement emphasizes, “It should also be noted that the absence of unpaid invoices on time does not exempt you from the reporting obligation.”
To assist companies in meeting these obligations, the DGI provides downloadable guidelines and data exchange documents available on the DGI’s official website. This initiative aims to facilitate compliance and enhance the accountability of businesses in Morocco.
The DGI has made it clear that businesses in Morocco must adhere to specific reporting and declaration guidelines regarding unpaid invoices. With all companies required to declare unpaid invoices and submit electronic filings by the April 1, 2025 deadline, it is crucial for businesses to comply to avoid penalties. Access to guidelines and support resources is readily available through the DGI’s official website, ensuring companies can meet their obligations efficiently.
Original Source: www.moroccoworldnews.com
