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VAT Refund: Benchaaboun Commitment

The issue of refunding value added tax (VAT) will be resolved by the end of this year, said Minister of Economy and Finance Casablanca Mohamed Benchaaboun.

"The problem of paying the VAT credit will be exceeded by the end of 2019 and we will return to a certain normality in the operation of this tax," Benchaaboun said at the opening of the SME Forum, organized by the People's Bank Group under the theme "Restoring Small and Medium-Sized Investment" expectations of the medium-sized enterprises ’.

At the end of the first quarter of 2019, the state returned three times higher than in the same period of 2018, the minister said, adding that threeth The national tax meetings scheduled for May 3 and 4 will focus on VAT neutrality.

The Minister, who examined the various projects and the specific measures implemented in favor of SMEs, further qualified the problem of deadlines for "real plague".

According to him, "administrative payments are in the process of being settled in a quasi-final and structural manner. These payments will be less than 60 days and will continue to fall".

Managing Director of Banque Centrale Populaire (BCP) Mohamed Karim Mounir stressed that this forum is a follow-up to the recent tripartite meeting between Al-Maghrib, Morocco's professional group of banks (GPBM) and the Confederation. Moroccan companies (CGEM) to assess the measures in place and consider complementary solutions to facilitate access to finance for SMEs.

The chosen theme, continued, is at the heart of any project "to develop our economy, given the leading role of SMEs in wealth creation and job mobilization".

The aim of this exchange area is to "identify and evaluate initiatives that can help revive the growth of Moroccan SMEs in the short term and provide a favorable environment for their investment". specified.

In addition, Karim Mounir highlighted the actions and efforts of BCP to support the development and growth of SMEs, all sectors of activity, combined with the fact that "a historic and privileged partnership that binds to an SME bank is mainly reflected in credit market shares that often go beyond 40% of the funding provided by the banking sector at the level of each region ".

During this meeting, more than 400 executives from various regions of Morocco exchanged two expectations and solutions to be implemented in two panels.

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