Economy & BusinessMorocco criminalizes issuing false invoices

Morocco criminalizes issuing false invoices

-

Morocco is strengthening the means of combating tax evasion, in particular fictitious invoices drawn up by companies which make it their sole activity. In this sense, the legislator has reorganized several articles of the General Tax Code.

Concerns in perspective for companies that issue fictitious invoices. The legislator has reorganized article 192 of the General Tax Code. The novelty concerns the application of criminal sanctions “when a person helps a taxpayer to evade his tax obligations for the purpose of deductions or reimbursements in an undue manner”, says the Economist. There is also talk of the criminalization of the issuance of fictitious invoices. On the first offense, the perpetrators of the fraud will be given prison sentences within five years of the conviction to a fine. Another change: prior consultation with the Fraud Committee is no longer necessary. From now on, the Minister of Finance or the tax administration can initiate “legal proceedings by directly seizing the public prosecutor”, after receiving complaints relating to fictitious invoices.

Always looking for efficiency in the fight against fictitious invoices, the legislator has reorganized article 146 of the General Tax Code by including two provisions. The first relates to the rejection of the “deductibility of an invoice if the tax services note two inseparable failures: when it is issued by a supplier who does not file tax declarations and does not pay his taxes”. The second is the adoption of “name and shame”. Understand: the publication on the DGI portal of a list of up-to-date company tax identifiers after a final criminal judgment (article 231 of the CGI). This provision was introduced by the 2021 finance law.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

Latest news

Coffee: Morocco, 2nd largest market in the MENA region

Moroccan households are expected to spend around 13 billion dirhams on coffee products, according to a study by Fitch...

Electronic visa: 4241 requests received to date

A total of 4,241 electronic visa applications have been received to date, of which 540 are Express applications, said...

Speech of the Throne: The King urges the Algerian presidency to work hand in hand

His Majesty King Mohammed VI pleaded for a Morocco and an Algeria working hand in hand to establish normal...

Must read

Aeronautics: Swiss Pilatus chooses Morocco

Pilatus has just signed a contract with Sabca Maroc...

World University Rankings: Here are the six Moroccan universities ranked

Six Moroccan universities appear in the World University Rankings...

Apple soon at Morocco Mall

The apple brand will strengthen its presence in Morocco....

You might also likeRELATED
Recommended to you