Real estate/Tax clearance: No more permissiveness
The new tax measure, provided for in Article 139-IV of the General Tax Code (CGI), has been criticized as a disincentive to real estate transactions. Questioned by L’Economiste, the Kingdom’s General Treasury (TGR) is confident in its indicators. In fact, for returns transmitted via the Tawtik electronic platform, linking notaries to the administration, filed during the period between July 1 and September 18, the TGR posted a processing rate of 94.6% for 41,828 returns, resulting in the creation of 88,711 items, which are the tax reference that property developers are required to obtain for new homes in stock.
