The Moroccan state has released nearly 78 billion dirhams to settle value added tax arrears owed to companies, a move aimed at easing cash flow pressures and preserving financial stability, head of government Aziz Akhannouch said Monday.
Speaking during a monthly policy session in the lower house of parliament, Akhannouch said the measure was part of exceptional steps taken to support businesses, particularly small and medium sized enterprises facing liquidity strains.
He said reforms to corporate tax, including the reduction and unification of the minimum rate to 20 percent for companies with profits below 100 million dirhams, had a positive impact on SMEs. He also pointed to a new law on payment deadlines and a monitoring system designed to improve transparency and ensure large firms meet supplier payment terms.
Akhannouch said the government had expanded state backed financing tools, including DAMAN guarantees and Tatwir programs targeting green growth and startups, alongside increased funding from the Mohammed VI Investment Fund to support investment and job stability.
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