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[DIGITAL Business Africa] – With a view to 2024, new measures of the 2024 Finance Law have been presented in Morocco. The Customs and Indirect Tax Administration announces changes affecting the Customs and Indirect Tax Law, Customs Tariff, Domestic Excise Taxes and Import Sales Tax, etc., as well as tax benefits for certain products. The finance law for the 2024 financial year is based on four main axes: First, the dematerialization of customs clearance procedures.
The focus is on facilitating and simplifying customs clearance procedures by promoting the dematerialization of documents for the movement of goods between stores and customs clearance areas (MEAD) and export customs offices. The aim of this measure is to modernize and speed up customs formalities.
And finally, the extension of the import sales tax exemption. The import sales tax reform extends the exemption to several widely used products. These include butter made from milk of animal origin, canned sardines, milk powder, household soap, school supplies, pharmaceutical products, capital goods of the Mohamed VI Foundation of Sciences and Health and all catheters used for hemodialysis.
By Jean Materne Zambo
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