The National Council of the Order of Chartered Accountants (OEC) protests once morest the introduction of a withholding tax (RAS) on remuneration allocated to third parties, provided for by the 2023 Finance Bill, in a press release of which Challenge holds a copy.
This new tax concerns both taxpayers subject to corporation tax (IS) and those subject to income tax (IR) under the real net profit (RNR) and simplified net profit (RNS) regimes. , details the same source.
The Order of Chartered Accountants of the Kingdom of Morocco, continues the press release, considers that this measure is incompatible with the declaration regime adopted by Morocco and is therefore not justified by taxpayers who determine their results on the basis of ‘accounting and would be more suitable for situations where the turnover coincides with the basis for calculating the tax or is close to it (case of property income, remuneration of temporary teachers, investment products, etc.).
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According to the same source, this new tax measure will have harmful implications. To this end, the Order of Chartered Accountants is issuing an alert once morest the implementation of the said withholding and which, according to it, would have the following consequences:
– An incentive for taxpayers to adopt behaviors of tax incivility.
– A systematic deterioration in the cash flow of the targeted taxpayers which would significantly impact the smooth running of their business and might compromise its sustainability.
– A heavy workload for taxpayers as well as for professionals and the tax authorities.
– A multiplication of bottlenecks caused by the flood of refund requests at the level of the Tax Administration.
– A deterioration in the long-sought relationship of trust between taxpayers and the tax administration.
– An increase in the tax burden on tax-identified taxpayers.
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Thus, given these negative implications and to prevent the said withholding at source from endangering the interests not only of the taxpayers concerned, including all chartered accountants, but also, and more than anything, the interest of our countries, the OEC clearly calls for the abandonment of this measure, the statement concludes.