The General Confederation of Enterprises of Morocco (CGEM) for the Fès-Meknès region organised an information and awareness meeting on Wednesday in Fès for companies in the region.
Initiated in partnership with the Order of Chartered Accountants of the Fès-Meknès and Oriental region, this operation aims to encourage companies to regularise their tax situation, in terms of foreign exchange, and that of inactive companies, before the 2024 deadline.
The meeting was an opportunity to highlight the mechanisms put in place by the government to facilitate this transition, particularly those introduced by the 2024 Finance Act and which are not provided for in the 2025 Draft Finance Act.
During his speech, the regional director of taxes for Fès-Meknès, Abdellah Hamdach, presented the tax regularisation mechanisms for inactive companies, established by the 2024 Finance Act.
''This measure, concerning companies without turnover or having paid the minimum contribution over the last four financial years and wishing to cease their activities, offers an exemption from tax audits and a cancellation of penalties for non-declaration or non-payment of taxes'', he explained, adding that to benefit from it, companies must declare the cessation of activity, pay a flat fee of 5,000 dirhams per non-prescribed financial year, and provide proof of removal from the trade register and the professional tax.
For his part, the Head of the Monitoring and Regulation Division at the Foreign Exchange Office, Abdelmouttalib Berrada, focused on foreign exchange regularisation by presenting the Spontaneous Regularisation Operation (ORS 2024).
For him, "this operation, provided for by the 2024 Finance Act and spanning the year, allows residents (natural or legal persons) with assets and liquidity abroad, constituted before 2023 in violation of regulations, to regularise their situation".
Mr. Berrada explained to business leaders that the ORS 2024 offers an amnesty and an exemption from penalties in exchange for a voluntary declaration and the repatriation of funds, thus encouraging the return of capital and strengthening confidence in the Moroccan economy.
In a statement to MAP, the president of the Order of Chartered Accountants of the Fès-Meknès and Oriental region, Mohamed Amouri, stressed that the organisation of this meeting comes less than 30 days before the deadline for regularisation measures, thus urging companies in the region to act quickly.
Mr. Amouri insisted on the exceptional nature of these mechanisms, specifying that "they would neither be renewed nor extended in the 2025 Draft Finance Act". During this meeting, business leaders received insights into current tax procedures and regularisation opportunities, promoting a better understanding of the issues involved in bringing their companies into compliance.
