After the delay observed for years, the State will finally reimburse the entire stock of VAT arrears due to the private sector, amounting to 13 billion DH. A relief for economic operators, in particular small businesses, whose cash flow has been under pressure since the start of the pandemic.
The measure was announced by the head of government, Aziz Akhannouch, during the monthly session on Tuesday devoted to public policy in the House of Representatives on the theme ” Government action plan to strengthen the construction of the social state“.
For the president of the General Confederation of Moroccan Enterprises (CGEM), Chakib Alj, who reacted to the announcement, this measure constitutes a signal “very positive»To economic operators, in particular very small and medium-sized enterprises (VSEs) which are going through cash flow difficulties due to the crisis linked to Covid-19 which is still present.
Indeed, the objective of this measure, which took years to be implemented and which affects all sectors, will allow companies, in particular SMEs and SMEs, to have significant liquidity in their treasury, and thus resist to the crisis.
For his part, the president of the CGEM parliamentary group in the second chamber, Youssef Alaoui, described this measure as “strong ” and “highly anticipatede ”by companies from all sectors.
“This history of reimbursing VAT arrears had plagued the relationship between the state and businesses for the past ten years. We have also received a lot of calls from companies who wanted to ensure the accuracy of the information, so they did not believe it. It really is a breath of fresh air for companies in these times of crisis ”, toldMoroccoLatestNewsYoussef Alaoui.
Asked about the social impact that this reimbursement should have, in particular on investment and the creation of employment opportunities, and thus help reduce unemployment a little, the president of the CGEM group in the 2nd Chamber is convinced that “this will certainly encourage and allow companies to recruit. Can you imagine what it is like to give cash back to businesses? 13 MDHS in account balances, it’s huge“, He launched.
It’s not just that, he continues. Youssef Alaoui also evokes one of the last amendments voted by the advisers this week and carried precisely by his and the majority in the 2nd Chamber. This is the decrease in the amount of the investment agreement benefiting from the VAT exemption and customs duties from 100 MDH to 50 MDH, which is a measure “which will allow companies to invest more, particularly in human resources“. From “strong indicators that will allow the success of the economic recovery, and especially the relaunch of investment in the country by 2022», Concluded Youssef Alaoui who is also president of the Federation of poultry professions (FISA).