As part of the numerous reforms that have made Morocco an economic model in the region, the Finance Law for 2016 is the next step in the implementation of profound tax reforms initiated by the government following the work carried out during the national conference on taxation held in Skhirat in April 2013. As published in the Official...
Driven by the goal of becoming an economic and financial centre for investors and international institutions, Morocco is today proud of the achievements of CFC. It even exceeded Johannesburg on the Global Financial Centers Index (GFCI) in 2016. CFC ranked 33rd out of 86 cities worldwide, against 44th in 2015, ahead of Johannesburg at 51st....
This chapter provides an overview of Morocco’s taxation system and examines its investor-friendly business environment.
This chapter contains an interview with Kamal Mokdad, Managing Partner; and a viewpoint from Asma Charki, Partner, Mazars Morocco, on Casablanca Finance City.
Morocco benefits from its well-developed manufacturing sector, mining industry, agricultural output, proximity to Europe, sizeable diaspora community, low labour costs and market-oriented public policy.
As a business centre for the region, the UAE continues to be highly relevant and attractive for investors for a number of reasons, including infrastructure, logistics and access to skilled labour. According to the PwC and World Bank “Paying Taxes 2016” study, the UAE is ranked joint first in the world in terms of the ease of paying taxes. In a...
The UAE federal government has exclusive jurisdiction to legislate in relation to UAE taxes. However, no federal tax laws have been established to date. Instead, most of the emirates enacted their own general income tax decrees in the 1960s. In practice, however, the tax decrees have not been enforced to date and, consequently, tax is...
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