Expanding the Mandatory Declaration of Payment Deadlines Puts Professionals and Non-Commercial Companies Under the Tax Spotlight

Expanding the Mandatory Reporting of Payment Deadlines Puts Professionals and Non-Commercial Companies Under the Tax Microscope

A few days before the deadline of March 31, the General Directorate of Taxes has resolved the ongoing debate concerning the scope of mandatory reporting on payment deadlines, in a move that carries significant regulatory and financial implications. This clarification comes as part of the gradual implementation of Law 69-21, which notably expanded the circle of taxpayers by lowering the revenue threshold from 50 million dirhams in 2023 to 10 million in 2024, ultimately reaching 2 million dirhams starting in 2025.

As a result of this development, individuals and entities with revenues ranging between 2 and 10 million dirhams will be required to report issued but unpaid invoices within the legal deadlines, starting from January 1, 2026. This declaration must be submitted before April 1, 2026, along with the automatic payment of due fines, as part of an approach aimed at enhancing transparency and discipline in commercial transactions.

Conversely, significant financial penalties loom on the horizon in case of non-compliance, with fines reaching up to 20,000 dirhams for companies with revenues between 2 and 10 million dirhams, and increasing to 50,000 dirhams for those in the 10 to 50 million dirham range, based on the revenue figures excluding taxes for the last completed financial year.

The expansion of this measure has raised questions among certain groups, such as freelance professionals and holding companies, regarding their compliance given the nature of their non-commercial activities. However, the General Directorate of Taxes has clearly addressed this matter, confirming that the law does not stipulate any sectorial exemptions, and that the concept of revenue applies irrespective of the nature of the professional activity, meaning that all concerned parties are subject to the same obligations, reflecting the legislator’s desire to generalize financial transparency rules.