Moroccan Parliament Approves Amending Finance Bill for 2020

Morocco's House of Councilors (upper house of parliament) reportedly approved the Amended Finance Bill for 2020 on 17 July 2020, following its approval by the House of Representatives (lower house) on 13 July. The main tax measures of the bill are largely in response to the COVID-19 pandemic, and include:

• A 6-month deadline extension for agreements entered into by property developers with the State for the implementation of social housing construction programs, where the agreement deadline e…