Mr. Mohammed BOUSSAID, Minister of Economy and Finance, presented Friday, February 5th, 2016 in Casablanca, the provisions of the Finance Act 2016, to an audience of investors at the initiative of the "Private Banking-Banque Populaire".
The Minister took this opportunity to announce the lifting of any retroactivity on the new provisions regarding the minimum contribution of corporate tax (IS).
Thus, the minimum fee paid in the previous three years will be charged to the corporate tax 2016. The Finance Act 2016 provides that from January 1st 2016, the minimum contribution is paid to the Treasury, regardless of the taxable income of the company.
It is noted that the asset-management customers of the “Private Bank- Banque Populaire” were provided with information on the provisions of the Finance Act 2016, by the Minister.
The meeting was thus an opportunity to review the main measures adopted and the macroeconomic changes expected.
• View the video of the interview of the Minister on the website: