Payment period: The Big Bang in October
Like many other pieces of legislation, the law on payment terms presents some gray areas which have been identified from the outset by both accounting professionals and practitioners called upon to put into practice the provisions of the law which came into force on July 1st for companies with a turnover of more than 50 million dirhams (USD 5 million) exclusive of taxes. Moreover, the first tax return for the months of July, August, and September must be made no later than next October 31.
