Morocco has proposed a bill that would amend its current arbitration regulations, which were posing an obstacle to promoting this alternative method for resolving disputes in the country. The aim of the bill is to help convert the country into a leading financial center. We analyze below the key features of the bill that may be adopted in the coming weeks.
In an announcement issued on March 23rd the Direction Générale des Impôts has stated that donations made by corporate income tax taxpayers to the solidarity fund Fonds Covid-19 that has been created to fight the pandemic will be deductible expenses to compute the corporate income tax taxable base.