OrbitaxFinance Law for 2012 enacted
|Approved Changes|Morocco
The Finance Law for 2012 was published in the Official Gazette No. 6048 of 17 May 2012. Unless the law specifically provides otherwise, the new provisions apply to income derived on or after 17 May 2012. Details of the Finance Law are summarized below.
Direct taxes
| - | Profits derived by enterprises established in Economic Free Zones (EFZ) from operations realized with other enterprises established in the same EFZ or in other EFZs are exempt from income tax during the first … |