This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press – Muhammad Zariyouh
After discovering illegal practices that had been going on for years, tax authorities referred to the courts the cases of a number of companies involved in the manipulation of value added tax funds.
Informed sources confirmed that the new measures introduced under the finance law contributed to exposing these violations, as it was found that some entrepreneurs had transferred the tax amounts collected from clients to their own accounts, while others took advantage of investment tax incentives to make illegal profits.
Investigations showed that they imported equipment and supplies exempt from value added tax under the pretext of investment, in order to resell them on the market without complying with tax laws.
These practices have caused serious damage to the national economy, prompting the authorities to take firm measures to address them.
Thanks to the legal changes made to the Tax Code, the General Directorate of Taxes is now able to transmit the files of offenders directly to the judiciary without the need to go through mediation commissions.
Sanctions include fines of up to fifty thousand dirhams, in addition to prison sentences of one month to three months for proven offenders involved in submitting false invoices.
Among the violations noted was the presence of companies registered with official names and addresses but not carrying out any real activity.
These companies do not declare any action to the National Social Security Fund and do not pay electricity or water bills, but issue invoices for fictitious materials and services to other companies.
This type of manipulation causes major economic imbalances and harms public finances.
Initial estimates indicate that the falsified amounts exceed eight hundred million dirhams, exposing those responsible for these violations to criminal sanctions up to imprisonment and heavy financial fines.
These developments reflect the authorities’ commitment to combating financial corruption and ensuring compliance with tax laws.
With the activation of these measures, it has become necessary to strengthen the control of commercial and financial transactions to ensure the protection of public money and the achievement of economic justice.
