Amnesty on cash: more than 127 billion dirhams declared, 6 billion dirhams in revenue for the State

Friday 10th January 2025 07:11 AM

The declared value of MAD 127 billion made it possible to replenish the State treasury by MAD 6 billion, thus exceeding initial forecasts according to the Minister Delegate in charge of Relations with Parliament, government spokesperson, Mustapha Baitas

The voluntary regularization of the tax situation allowed the declaration of more than 127 billion dirhams (MMDH), thus exceeding initial forecasts, said, on January 9 in Rabat, the Minister Delegate in charge of Relations with Parliament, government spokesperson, Mustapha Baitas.

This operation, which aims to encourage taxpayers to voluntarily regularize the situation of their undeclared profits and taxable income before January 1, 2025, was crowned by exceptional results which far exceeded initial forecasts, said Baitas in response to the questions from journalists during a press briefing following the Governing Council.

6 billion dirhams to the state coffers

And to add that this declared value (127 billion dirhams), which made it possible to replenish the State treasury by 6 billion dirhams, is capable of contributing significantly to the financing of the national economy and giving it a strong boost.

The minister stressed that these results reflect the success of this operation in achieving the expected objectives, notably by establishing trust between the tax administration and taxpayers, improving tax compliance and providing significant financial resources to the financial sector. to strengthen its financing capacities for the national economy.

Tax revenue of 35.9 billion dirhams

Furthermore, Baitas indicated that the positive evolution of resources made it possible to cover the recorded increase in total expenditure, noting that tax revenue (35.9 billion dirhams) “made it possible to meet expenses relating to the social aspect, including the cost of social dialogue, as well as the fight against inflation through a series of measures”.

These tax revenues, he added, contributed to efforts to finance the increase in salaries of the various public service bodies (13.8 billion dirhams in 2024), which benefited approximately 1,127,000 beneficiaries, as well as as support for sectors, notably transport and electricity and the activation of measures aimed at controlling inflation and combating the effects of drought.

Concerning the evolution of tax revenues in 2024, Baitas indicated that the value added tax increased by 12 billion dirhams (6 billion dirhams for the value added tax on imports and 6 billion dirhams for the value added tax on imports). interior), as well as income tax (9 billion dirhams), corporate tax (8 billion dirhams), internal consumption tax (3.7 billion dirhams) and registration fees (1.5 billion dirhams). MMDH), besides customs duties (1.4 billion dirhams).