Morocco’s DGI Calls for Early Declaration of Unpaid Invoices Before April 2025

Morocco’s DGI urges businesses to electronically declare unpaid invoices by April 1, 2025, emphasizing compliance for those with turnover between MAD 10 million and MAD 50 million. Stricter rules apply for businesses exceeding MAD 50 million, with penalties for unpaid invoices from January 1, 2025. Declarations are required even with no overdue invoices. DGI offers guidelines on their website to assist companies.

The Moroccan tax authority, La Direction Générale des Impots (DGI), has urged businesses to electronically submit their declarations for 2024 prior to April 1, 2025. In addition, companies are reminded to settle any fines that may apply by the same date. This requirement primarily targets businesses with an annual turnover between MAD 10 million (approximately $1 million) and MAD 50 million (approximately $5 million), excluding VAT, for the fiscal year ending before January 1, 2024.

These businesses must declare all unpaid invoices issued post-January 1, 2024, that have surpassed the legal deadline. For larger enterprises with turnovers exceeding MAD 50 million ($5 million), a stricter compliance obligation is enforced, mandating quarterly declarations to be filed by the end of the month following each fiscal quarter. The DGI indicated that penalties will be imposed for unpaid invoices issued from January 1, 2025, even for amounts as low as MAD 10,000 ($1,000).

The tax authority has clarified that all businesses are expected to file declarations, even in the absence of overdue invoices. “The absence of unpaid invoices on time does not exempt you from the reporting obligation,” stated the DGI.

To assist businesses in meeting these compliance requirements, the DGI has made relevant guidelines and data exchange documents available for download on their official website.

In conclusion, the Moroccan tax authority emphasizes the importance of timely electronic declarations and the payment of fines for businesses with varying annual turnovers. Compliance involves specific obligations based on turnover levels, and penalties will apply for unpaid invoices from 2025, thereby necessitating that all businesses remain diligent in their reporting duties. Access to guidance documents on the DGI’s official website is provided to facilitate this process.

Original Source: www.moroccoworldnews.com