Post by account_disabled on Mar 14, 2024 7:34:19 GMT
Calculated based on the value of the goods according to specific customs classifications. What is the concept of value added tax Value added tax is an indirect tax that arises on transactions and is imposed on the import and supply of products goods and services at every stage of supply production and distribution so that the final consumer is generally responsible for the costs of the tax and the legal supply is included within it. Its percentage is . While the responsibility for collecting and calculating VAT falls on businesses registered as tax collectors on behalf of the Moroccan tax authority.
Read more about VAT from an invoice . What businesses are subject to VAT in Morocco Transactions that are obligatorily subject to VAT are subject to the following conditions The operations carried out by BTC Database ES manufacturing contractors include the sale and delivery of products that have been extracted manufactured or packaged directly or through another person assigned to this role. Sale and delivery of products as is carried out by wholesale merchants merchants who achieve profits exceeding two million dirhams during the previous year.
Operations carried out by importing merchants which include selling and delivering imported products as they are. Real estate business retail operations and real estate recovery. Installation assembly repair or conversion of raw materials received from others. Deliveries carried out by taxable persons themselves with the exception of operations relating to consumable materials and products used in a taxable or exempt operation. What a person delivers to himself of real estate operations retail operations and real estate development with the exception of operations related to buildings designated for personal residence that were established by natural or legal persons. Exchanges or transfers of goods if they are related.
Read more about VAT from an invoice . What businesses are subject to VAT in Morocco Transactions that are obligatorily subject to VAT are subject to the following conditions The operations carried out by BTC Database ES manufacturing contractors include the sale and delivery of products that have been extracted manufactured or packaged directly or through another person assigned to this role. Sale and delivery of products as is carried out by wholesale merchants merchants who achieve profits exceeding two million dirhams during the previous year.
Operations carried out by importing merchants which include selling and delivering imported products as they are. Real estate business retail operations and real estate recovery. Installation assembly repair or conversion of raw materials received from others. Deliveries carried out by taxable persons themselves with the exception of operations relating to consumable materials and products used in a taxable or exempt operation. What a person delivers to himself of real estate operations retail operations and real estate development with the exception of operations related to buildings designated for personal residence that were established by natural or legal persons. Exchanges or transfers of goods if they are related.