Morocco’s tax administration has launched targeted notification campaigns addressing companies that have failed to submit fiscal declarations or pay taxes for three consecutive fiscal years. These enterprises are classified as inactive regardless of their commercial registry status, facing potential automatic taxation and accumulated debt liabilities. Article 228 of the General Tax Code maintains these companies […]
Libyan youth living around the coastal areas are turning towards kitesurfing to occupy their leisure time. The sport is gaining huge popularity. Water sports in Libya, a Mediterranean country boasting a 1,770-kilometre coastline (1,106 miles) and almost 365 days of sunshine, were woefully underdeveloped during the Gaddafi regime, although there was a sailing federation in […]
Morocco said its economy will grow by 2.9% in 2019 after 3% in 2018 as the economy continues to be affected by agricultural output, according to finance minister Mohamed Benchaaboun. Rainfall was about 23% less this year compared with 2018, so cereals yield was down 50% compared to a year earlier further deepening the trade […]
