From January 1, 2025, the provisions of Law No. 69-21(1) relating to payment deadlines will be extended to a new contingent of companies, both legal entities and individuals. This is what the daily says The Economist in its edition of Thursday, December 19, specifying that these are structures with an annual turnover of between 2 million dirhams excluding tax and 10 million dirhams excluding tax, representing a large cohort of companies in terms of volume, but not necessarily a financial issue.
“The taxpayers concerned are therefore required to specify the payment deadlines in their invoices. When these deadlines are not agreed, they must not exceed 60 days from the invoice date. If agreed between both parties, they cannot exceed 90 days», lit.
New structures which will fall within the scope of the law from January 1 will have to issue their invoices no later than the last day of the month during which the delivery of goods, execution of work or provision of services took place.
«Failing this, the payment period must be calculated from the end of the month in which the delivery of goods, the execution of work or the provision of services took place. To calculate the payment period, the date of issue of the invoice must be taken into account, and not the date of receipt of the goods, execution of work or provision of services.», writes the daily.
Article 78-4 of the law provides, for natural and legal persons with a turnover exceeding 2 million dirhams excluding tax, the obligation to subscribe to an annual declaration relating to payment deadlines on the electronic platform “Simple” of the Directorate General of Taxes (DGI). The first declaration of this nature must be subscribed before April 1, 2026.
Each declaration must be accompanied by a detailed statement of unpaid debts, approved by a chartered accountant or a certified accountant for structures with a turnover excluding tax of less than or equal to 50 million dirhams.
«This formality, which is obligatory even in the absence of unpaid invoices, must be accompanied by the amount of the fine for late payment. In addition to late payment, sanctions are provided for in the event of non-declaration, filing of an incomplete or incorrect declaration, or non-payment of the fine, depending on the turnover.», note-t-on.
In the event of the existence of disputed invoices, which are the subject of legal proceedings, the fine counter is suspended until a final judgment. However, the fine remains payable after a final court decision. The law grants suppliers, whether legal or natural persons, the possibility of claiming from bad payers compensatory compensation for late payment.
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