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Weekly highlights

Declarations on terms of payment

1st countdown

T HE first implementation of dating from the 3rd quarter that have
not been paid on time or have been
the law on payment deadlines,
partially paid, until all outstanding
which fell due on Tuesday Oc-
tober 31, lived up to all its promises. amounts have been settled (see L’Eco-
The operation resulted in 4,700 decla- nomiste # 6629 of 30/10/2023). The
rations via the Simpl platform of the same exercise will have to be carried
General Tax Directorate (DGI). All the out for 4th quarter (and 3rd quarter)
targeted entities that had exceeded the arrears no later than January 31, 2024.
legal threshold complied with the obli- Taxpayers will need to be particularly
gation to file. Of the declarations filed, vigilant when it comes to invoices. In
1,600 were accompanied by payment fact, «unbilled deliveries, which are
of the corresponding financial penalty. the subject of a simple delivery note,
This brings the total amount of fines should be monitored in particular, as
paid online to 130 million Dirhams the risk of oversight is higher in this
(US 13 million). This represents case, especially as, in the absence of
consolidated outstanding payments these supporting documents, these de-
of around 4.3 billion Dirhams (US The appointment of the Directorate General of Taxes (DGI) as the main administrator of the law liveries are not yet integrated into the
430 million) for the period from July on payment deadlines is a real revolution and should generate a quantum leap in improving the accounts, especially for non-compute-
to the end of September 2023 alone, business climate (Photo by L’Economiste) rized entities», recommends Soufyane
bearing in mind that the amount of the issued between July 01 and September size of national businesses and the Aboukad, chartered accountant, par-
fine is not uniform. It stands at 3% for 30, are concerned. The new legislation economic fabric in general. tner at SAB Consulting and former
the first month of delay, increased by on payment terms targets companies The next declaration covers invoices president of the tax and legal com-
0.85% for each additional month or with sales in excess of 50 million Di- with a value of over 10,000 dirhams mission of the Moroccan Employers
fraction of a month of delay. Moreo- rhams (US 5 million) excluding tax, (incl. tax) issued between October 01 Confederation (CGEM) for the Souss-
ver, in the first phase, only invoices of a threshold exceeded by barely 4,700 and December 31, 2023. Taxpayers Massa region.o
10,000 Dirhams (US 1,000) incl. VAT, companies, which is indicative of the will also have to declare invoices Hassan EL ARIF

Self-employed workers: Deductible social security charges

T ERE is a little measure that From now on, everyone tions to continue to benefit from the
AMO Tadamon scheme, essentially
will certainly please self-em-
by persons subject to the AMO TNS
ployed workers and freelan-
cers. As of next year, they will be able is in the same boat scheme, to November 30, 2023. In
to deduct social security contribu- the case of the AMO TNS scheme
tions for compulsory health insurance in particular, measures have been
(AMO) and pensions. The provision Compulsory Health Insurance taken to address the problems posed
specifically concerns non-salaried by the collection of contributions,
workers subject to income tax under through the publication of a decree
the real or simplified net income setting out the model agreements to
regime. «Currently, sums deducted be concluded between the National
by the owner of a sole proprietorship Social Security Fund (CNSS) and
from his or her accounts as remune- public institutions or legal entities
ration for one’s work are not conside- for the delegation of the collection of
red as expenses deductible from the contributions. Similarly, a bill amen-
taxable base for professional income ding law no. 98-15 of June 25, 2017
on the AMO TNS scheme is in the
tax, including expenses relating to PLF approval circuit. The aim is to insti-
one’s social security contributions», tutionalize the conditionality of the
explains the Ministry of Finance in granting of public aid and subsidies
the note presenting the Finance Law. for the benefit of individuals and
This provision, which would cost The year 2023 was marked by the out in particular the conditions for legal entities subject to the AMO-
around 90 million Dirhams (USD 9 completion of the body of laws rela- registration with the scheme and the TNS scheme, through regularity in
million), should ensure fairness for ting to the generalization of compul- methods of financing it. The same the payment of contributions and
all taxpayers. The right to deduct sory health insurance (AMO). This applies to the draft decree on basic introduce a waiting period of three
social security contributions already was the case with the enactment of AMO for people unable to pay their months for Non-Salaried Workers
applies to other categories. In any Law no. 60-22 on the AMO scheme contributions, known as «AMO Tada- (TNSs) who settle their situation after
case, this provision is in line with the for people who are able to pay their mon». The year was also marked by a period of non-payment exceeding
national strategy to generalize social contributions and are not engaged in the publication of a decree extending 6 months.o
coverage. any paid or unpaid activity, setting the deadline for submitting applica- Khadija MASMOUDI
Friday 10 November 2023