DT13506 - Particular agreements: Morocco: Tax spared

The agreements provides for credit to be given for tax `spared' (see INTM161270 & 161280) in Morocco under the provisions of Moroccan law set out in Article 22(1). In addition to the reliefs given under these provisions, credit may also be given for tax `spared' in accordance with Article 22(2) for tax for which there is a reduction or exemption under Dahir on Law No. 1-73-408 to 1-73-413 of 13 Rejeb (13 August 1973).

Credit for Moroccan tax `spared' may only be given for a period of ten years in respect of each source for which the exemption or reduction is granted.

All amounts of `tax spared' for which credit relief is given should be reported as mentioned at INTM161290.