The General Confederation of Moroccan Enterprises (CGEM) presented, during a videoconference on Friday, its positions on several points concerning the Amending Finance Bill (PLFR). During this meeting, the CGEM reviewed the results of the survey on the impact of the crisis, but also the publication of its 10 amendments brought to the PLFR 2020.
On the controversy of deductibility of donations to the Covid special fund which opposed parliamentarians, government and employers, the CGEM cried victory and welcomed the agreement reached around the amendment of article 10 of the General Tax Code which adds the donations from the private sector, intended for the State, to the list of deductible contributions.
Abdelilah Hifdi, president of the CGEM parliamentary group, meanwhile, spoke of “gRand success of the Employers’ Confederation and the House of Councilors And that the deductibility of donations to the Covid special fund will be restored in the final version of the amending finance bill.
In the last version of the draft text, the measure was reinstated but in different terms from the first version examined by the Finance Committee of the House of Representatives. Article 247 bis provides for the deductibility of donations made to the State and no longer to contributions paid to the Covid-19 pandemic management fund.
On the protection of national companies, the president of the CGEM, Chakib Alj, welcomed the increase in import duties from 30 to 40% integrated in the Amending Finance Bill (PLFR), ” it is clear that the spirit in which we operate is to protect local production. The objective is to allow our industries to be a little more competitive and to recover from the crisis we have experienced. We will see how it will be done at the application level, we have four months ahead of us ». « If it is necessary to rectify the situation, we will do so in the 2021 Finance Law ”. “The spirit is really to protect the industry and not to create a problem. If this is the case, we will react to it “Said Alj.
The amendments brought to Parliament concerned the deductibility of contributions to the Special Fund for the Management of the Coronavirus Pandemic (Covid-19), the exemption from late payment penalties for installments of IS until 31 December 2020, the spreading of payment of the additional voluntary regularization taxes between December 15 and June 30, 2021 and the inclusion of 2019 in the regularization system.
The amendments also relate to the suspension of the application of the minimum contribution for the 2020 financial year for companies operating in sectors which are strongly impacted by the pandemic, by reducing registration fees by 50%. for real estate built and land whatever their uses, the increase in the rate of common customs duty from 30% to 40% on finished products for which there is a similar local production, in addition to the increase of 17, 5% to 40% of customs duties on upholstery fabrics which are finished products that do not require any processing following their importation.
During this videoconference organized a few hours before the examination and the vote, in plenary, of the PLFR by the Chamber of Advisers, the President of the CGEM, Chakib Alj recalled the major impacts of the health crisis on economic activity, particularly in the tourism sector, the most affected by the crisis, which recorded a loss of turnover of 77% between May 2019 and May 2020, believing that the measures taken for the sectoral recovery are “weak”.
In this context, he specified that the decline also concerned the turnover of the craft sector with 70%, the cultural and creative industry with 68%, education, construction, real estate as well than trade up to 63%, according to the results of the 2nd edition of the survey on the impacts of the crisis conducted by the CGEM with more than 3,304 companies, operating in 11 different sectors and employing more than 500,000 people .
Mouhamet Ndiongue
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