Pfirst milestone in the implementation of this tax reform, the finance law (LF) for the year 2022 includes measures aligned with the priorities and objectives of the framework law, indicated Zazou during a conference on framework law no. 69-19 and tax provisions in 2022, initiated by the Professional Organization of Chartered Accountants (OPCA) in collaboration with the DGI.
Among the measures provided by LF-2022 in terms of investment encouragement, Zazou recalled the reduction of the threshold set for investment agreements concluded with the state from 100 million dirhams (MDH) to 50 MDH.
It is also about the institution of a transitional measure aimed at encouraging the reinvestment of the total amount of proceeds from the sale, net of tax, of certain assets with a reduction of 70% on the capital gain. and the extension of the exemption for wages paid for the first hiring of young people.
Framework Law No. 69-19 also prioritizes the effective redistribution of wealth and the reduction of inequalities with a view to strengthening social cohesion, territorial development, the consolidation of spatial justice and the strengthening of efficiency and efficiency of tax administration, the official noted.
And to highlight the importance of mobilizing tax potential, explaining that the framework law puts this potential at the service of financing public policies, preserving financial and macroeconomic balance and development and the reduction of inequalities. social and spatial.
The result of extensive consultation with all the players concerned, framework law no. 69-19 also revolves around the simplification of the taxation of local authorities and its harmonization with state taxation and convergence. taxation with public policies.
In perfect accordance with the recommendations of the New Development Model, the framework law provides for a series of priority measures programmed for the next 5 years, pointed out Mr. Zazou, noting that their operationalization will be guaranteed through future finance laws. .
And to emphasize that “the tax reform is a boon for all of us in order to create favorable conditions for the consolidation of the economic recovery”.
For his part, Mohamed Zerhouni, president of the OPCA, underlined that the framework law n°69-19 will mark for several years the future finance laws, adding that the LF-2022 constitutes a first consecration of the main principles of this tax reform in Morocco.
The framework law tackles, among other things, the enhancement of human capital in Morocco, embodied at the level of the LF-2022 through measures targeting the encouragement of entrepreneurial initiative, argued Zerhouni. “We have a major role to play in this context, since entrepreneurial initiatives contribute to the promotion of employment and the creation of small and medium-sized enterprises (SMEs) which constitute the main clientele of chartered accountants”, he said. supported.
Given their involvement in all aspects of the management of SMEs, chartered accountants represent privileged partners of these structures and can be an essential relay between the DGI and SMEs, added Zerhouni.