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Update - Morocco Publishes Amending Finance Law for 2020

18 August 2020

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Approved Changes

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Morocco

Morocco published the Amending Finance Law for 2020 in the Official Gazette on 27 July 2020. Further to the measures {News-2020-07-21/A/8-previous coverage}, the law includes: a one-year extension for the 36-month VAT exemption regime applicable to the acquisition of investment goods acquired by newly incorporated companies not exhausted before 24 March 2020; a one-year extension of the initial six-year deadline for the registration duties exemption for agreements related to hotel construction for which land was acquired before 24 March 2020; a one-year extension of the initial five-year deadline for agreements related to social housing construction programs delivered before 24 March...