Morocco Developers face loss of building-sector tax breaks

real estate in morocco on November 22nd, 2007.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Nov 2007

Moroccan developers protest the potential loss of building-sector tax breaks.

The 2008 Finance Act passed by the cabinet on November 7th raised the issue of property tax breaks.Due to a change in the system, developers will now have to pay 15 % corporate tax in 2008 and 30% in 2009. The VAT (Value Added Tax) on sale prices will also rise from 14% to 20%.

This could cause property developers to re-evaluate projects