Page 1 - Weekly highlights 6633

VEND. 3, SAM. 4, DIM. 5 ET LUN 6 NOVEMBRE 2023 - N°6633 NE PEUT ÊTRE VENDU SÉPARÉMENT DÉPÔT LÉGAL 100/1991 DIRECTEUR DE PUBLICATION KHALID BELYAZID
Weekly highlights by

VAT reform

Minimal impact?

n A 0.22% fall in the general level of

prices, according to the Finance
Ministry

n For 59% of water bills,
the increase will be 0.16 MAD

n Billions in compensation

benefit just 14% of the
target group

Beware! Competition Carbon neutrality:
Unpaid invoices Council vs charte- Morocco prepares
must be declared red accountants a major announce-
until they are “We’re not afraid ment at COP28
settled to go to court”
Finance Bill 2024:
Tax solidarity for all!

Editorial Painful Meriem OUDGHIRI

P AYMENT deadlines, public procurement, special provisions in the and behaviors. This revitalization has become a matter of urgency in order to
Finance Bill, standardization... information sessions are multiplying to keep pace with these transformations. Today, this revitalization is also vital
raise awareness and understanding. in the face of a crisis that compels us to work differently, to shake things up,
Going back in time, this is reminiscent of 1995-1996, when the business create growth, and (re)restore confidence. This is why information is vital to
world was in turmoil. At that time, Morocco was caught up in a legal bulimia, debunk concepts, in other words, to make this sophisticated and conceptual
producing a myriad of texts (Commercial Code, Company Code, Customs construct, namely the law, more accessible in general, especially as each new
Code, Freedom of Pricing and Competition Code....) with an intense dusting piece of legislation generates its own uses, constraints, and sanctions.
off of all the old codes. A law is a societal issue, and each era and each piece of legislation reflects
The aim was to fill a real legal-economic vacuum and provide the country the evolution of practice and mentalities. But as the old adage goes: no one
with reliable legal instruments, as well as encouraging investment and busi- is supposed to ignore the law, because no one can escape his or her duties
ness transparency. The country had realized that it could no longer remain on or the deadlines to be met. Transitions and changes are always painful, but
the sidelines of globalization and continue to operate with archaic legislation necessary.o