Dirty time for thousands of companies suspected of tax fraud. The control and recovery services under the Directorate General of Taxes (DGI) have discovered suspicious bank withdrawals made from bank accounts and those of their managers. Since then, they have launched a vast control operation targeting the so -called “non -active” companies, after the expiration of the legal period of regularization fixed at the end of last December, in accordance with the provisions of the 2024 finance law. These companies have never filed the slightest tax declaration while the inspectors, during their controls, found invoices including the tax identification number specific to these companies, thus proving their effective activity.
To read: Morocco: Inspectors track down ghost companies
This discovery prompted tax agents to intensify the use of electronic data exchanges with partner administrations for tax purposes, in order to identify real estate and furniture belonging to the companies involved and their managers, with a view to seizure. The checks led by the DGI services led to the entry of documents and invoices. These attest that some of these companies have concluded markets with administrations and public establishments, but they have not declared their income from the tax services.
To read: Morocco detects a vast system of fraud
The inspectors went far: they have extended their investigations to a period covering the last ten years for companies never having a tax declaration, with the calculation of the taxes corresponding to a full decade of unconcluded activity. The investigations have borne fruit: more than 867 million dirhams have already been recovered. The recovery procedures are continuing in several cities of the kingdom. “Fulish -friendly companies will have to pay not only the amounts corresponding to elected taxes, but also late penalties: 5 % for the first month of delay, then 0.50 % per additional month or fraction of months, from the initial date of tax exigibility,” reports Hespress.
To read: the Moroccan taxman investigates massive frauds
The suspicious withdrawals made by the targeted companies and their managers are not without consequences for bank liquidity in Morocco. The average liquidity deficit within the banking system worsened 12.2 %, reaching 135.6 billion dirhams between July 3 and 9, it is specified.
