This chapter contains an outline of the tax framework within which local and international firms operate within Oman, including a look at the various models of business open to foreign investors and a breakdown of the new rules set out for Islamic financial transactions. This chapter contains an interview with Omar Al Sharif, Country Senior Partner Oman, PwC.
Tax
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Interviews & Viewpoints | Fouad Lahgazi, Senior Partner, KPMG: Viewpoint from The Report: Morocco 2018
The Finance Law of 2018 has laid out a number of new procedures that are set to further digitalise and simplify existing provisions, and bring the kingdom’s tax regime up to speed with international regulations. Taxpayers and entities operating in sectors that have yet to be defined by regulations are obliged to adopt a billing software system...
Articles & Analysis | Legislative changes introduces range of tax reductions and incentives to Morocco from The Report: Morocco 2018
Given the frame of reference and the national and international context, the Finance Law of 2018 seeks to address a number of priority areas. These include the support of public services such as education and health care, as well as the stimulation of employment and the reduction of geographic inequality, particularly the urban-rural divide....
Chapter | Tax & Accountancy from The Report: Morocco 2018
In conjunction with KPMG, this chapter contains an introduction to Morocco’s taxation system, including a breakdown of rates imposed on corporate income, regulations governing capital gains and double taxation, and a list of goods and services exempted from value-added tax.
This chapter contains a viewpoint from Fouad Lahgazi, Senior Partner, KPMG.
Morocco has long been recognised as one of the most advanced nations in Africa due to its strategic location and sizeable diaspora community, as well as its well-developed manufacturing sector, mining industry and agricultural output.
The effects of lower oil prices continue to be felt in Oman, with budget cuts and spending rationalisation still in evidence across the board. However, higher commodity prices in late 2017 and into early 2018 should provide a welcome boost to state revenues.