2024-02-24 15:02:18
RRepresenting nearly 95% of the national productive fabric, SMEs contribute considerably to job creation, the country’s economic growth, as well as the strengthening of innovation. But despite their crucial importance, these companies face various challenges, such as access to financing, administrative regulation, limited infrastructure and international competition.
In addition to the multiple programs put in place by the State to support SMEs, the government has planned, within the framework of the 2024 Finance Law, a number of measures aimed at stimulating the growth of these companies. In this regard, the British Chamber of Commerce (BritCham) organized a webinar under the theme: “Finance Act 2024: how to encourage our SMEs?”
Highlighting the central role of the FL 2024 in terms of the development of SMEs, the various speakers were unanimous on the fact that certain measures, particularly tax incentives, constitute essential levers to boost the SME ecosystem and encourage their growth. . In this same vein, Driss Berrada, advisor to the General Directorate of Taxes (DGI), noted the various measures for harmonization and clarification of the tax base rules.
This is particularly the case of the clarification of the tax regime applicable to rentals of buildings in terms of VAT, the revision of the sanction applicable in the event of late filing of a credit declaration and the clarification of the foreclosure period linked to the exercise of the right to deduct. It also concerns the exemption from VAT within royalties and licensing fees whose value is included in the tax base, the generalization of the exemption from VAT to all catheters and the expansion of the scope of the exemption of cooperatives from VAT.
Added to this is also the determination of the list of fishing gear and nets intended for maritime fishing professionals subject to the VAT rate of 10%. For his part, Bouameur Ragbi, head of the studies and impact assessment division at the Ministry of Economy and Finance, underlined that “the FL 2024 was established in a context marked by a deterioration in global prospects. , disruptions in energy markets and a slowdown in economic growth globally.
And to continue that at the national level, the economic situation has been strongly influenced by successive shocks, in particular unfavorable climatic conditions with four consecutive years of drought, as well as by the most powerful earthquake in the recent history of Morocco.
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