NOTICE N° 21 OF THE NATIONAL ACCOUNTING COUNCIL
28/12/2022
The Minister of Economy and Finance, in her capacity as Chairman of the National Accounting Council (NAC), has issued the notice n° 21 supplementing and amending notice n° 20 of the NAC relating to the updating of the Real Estate Accounting Plan (RAP). This is pursuant to the provisions of decree n° 2.88.19 of Rabii II 16, 1410 (November 16th 1989) instituting the NAC, as supplemented and amended, in particular by decree n° 2-21-165 of May 19, 2022,
Amending Opinion No 21 postpones, by two years, the date of application of the updated RAP, initially scheduled for January 1st 2023 by the aforementioned Opinion No. 20. This postponement will give real estate operators additional time to adapt their management procedures and upgrade their information systems and internal control systems.
This postponement would also allow the actors of the sector, in particular, those listed on the Casablanca Stock Exchange, to carry out impact studies of the said update on their financial indicators.
Accordingly, the accounting rules set forth in the updated RAP will be applicable as of January 1st 2025.
Notice n° 21 completing and modifying the NAC notice n° 20 relating to the update of the Real Estate Accounting Plan (RAP). (in French)
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