The Cost Deadlines Observatory notes “a transparent enchancment”

Nadia Fettah Alaoui, Minister of Economic system and Finance, and Chakib Alj, President of the Normal Confederation of Moroccan Enterprises (CGEM), collectively chaired the sixth assembly of the Observatory of Cost Deadlines on the headquarters of the Ministry of Finance. ‘Economic system and Finance.

This assembly is a part of the Excessive Royal Tips which have known as on public administrations and native authorities to settle their money owed to companies, stressing that any delay in cost can result in bankruptcies and important job losses.

The target of this assembly was to take inventory of the implementation of the brand new monetary sanctions system established by Legislation No. 69-21, amending Legislation No. 15-95 forming the Industrial Code and introducing particular provisions referring to cost deadlines. The Directorate Normal of Taxes introduced the progress of this mechanism, which entered into pressure on July 1, 2023.

The primary evaluation of this method reveals a transparent enchancment in cost occasions between firms and broad compliance with the necessities of this mechanism, with 4,769 declarations made for the third and fourth quarter of 2023. These outcomes promise encouraging prospects for continued progress. to enhance the enterprise surroundings and launch entrepreneurial energies.

This assembly happened within the presence of members of the Observatory from the CGEM, the Ministry of Trade and Commerce, Financial institution Al-Maghrib, the Skilled Group of Banks of Morocco (GPBM), the Normal Treasury of the Kingdom (TGR) and the Directorate of Public Enterprises and Privatization (DEPP).

LNT with COP