This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press. Rabat
The General Directorate of Taxes announced that invoices whose payment deadline begins on December 1, 2024 will be subject to a financial fine determined according to the new main interest rate of the Bank of Morocco, i.e. 2.5%, for the first month late.
The Management explained, in a press release, that “Law No. 69.21 relating to payment deadlines provides that any violation of the provisions linked to payment deadlines applied to commercial transactions is punishable by a financial fine determined according to the main rate of payment. interest of the Bank of Morocco. applied at the end of the first month of delay in execution, and 0.85 percent for each additional month or part of a month of delay.
In this regard, it should be noted that the Board of Directors of the Bank of Morocco decided, last Tuesday, to reduce the key interest rate by 25 basis points, to 2.5%, as of December 19. 2024.
