ProcedureEdit
1.Visiting customs and Excise administration Treasury/offices in Morocco to find out what is required in order to apply for withholding tax;
2.Prepare all required documents and submit them together with application to the revenue authority;
3.When documents are submitted, they are assessed;
4.If a person / company is found eligible, he / she / it is registered; and
5.A Certificate of Registration is issued.
Required DocumentsEdit
- Completed and filed withholding tax registration form
- Tax Identification Number (TIN)
- Identification documents .
Office Locations & ContactsEdit
- CUSTOMS AND EXCISE ADMINISTRATION
Avenue Annakhil, Hay Riad 10000 Rabat, Morocco
Phone : + 212 537 57.90.00 / + 212 537 71.78.00
E-mail : [email protected]
Website : http://www.douane.gov.ma
From Morocco dial (Eco number) : 0801007000
EligibilityEdit
Any incorporated business entity with taxable income.
FeesEdit
Explain the fees structure which is required for obtaining the certificate/document.
ValidityEdit
Valid for a year
Documents to UseEdit
Please attach documents that can be used by people. e.g. links
Sample DocumentsEdit
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Processing TimeEdit
7 working days
Related VideosEdit
Videos explaining the procedure or to fill the applications. Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites. Please remove the "&" inside the tags during implementation. Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, sevenload, viddler, vimeo, youku, youtube width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed. e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M".
InstructionsEdit
- Withholding is similar to sales tax because it is a pay as you go or pay as earn system.
- The tax money is taken out as person earns it so there is no return or paperwork.
- it requires most citizens to pay only withholding tax not a traditional income tax.
- It should have amounts for Social Security and Medicare listed.
- persons with more than one job and those that work as contractors and freelancers will have to pay part or all their withholding themselves.
- The applicant must have a Tax identification Number(TIN)
- it is levied on capital gain
- it is also levied on hidden reserve
- Endeavor to submit tax returns of a given period of time within the time limit given;
- Non-residents are taxable on profits or income relating to property which they own,
Required InformationEdit
- Address and full name of the applicant;
- Name of incorporated business entity
- Physical and contact address business entity;
- Tax Identification Number (TIN);
Need for the DocumentEdit
A withholding tax is a kind of income tax that works more like a sales tax. Under a traditional income tax you have to make a payment equal to a percentage of your income every year. Under withholding the government of morocco retains a 10% or withholds a percentage of payments you receive to cover your taxes.
This tax is often called a payroll tax because it usually takes funds out of a person's salary. It can also be collected on interest, dividends and other forms of investment income.
Dividends paid to a non-resident are subject to a 15% withholding tax unless the rate is reduced under an applicable tax treaty. Interest on loans obtained from a non-resident is subject to a 10% withholding tax. Royalties paid to non-residents are subject to a 10% withholding tax unless the rate is reduced under an applicable tax treaty.
The idea behind withholding is to ensure that the government collects as much money as possible. In a traditional income tax system it is fairly easy for people not to pay. Under withholding the government collects the money as it is paid out.
Information which might helpEdit
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Other uses of the Document/CertificateEdit
Please explain what are other uses of obtaining this document/certificate. e.g. Birth Certificate can be used as proof of identity.
External LinksEdit
OthersEdit
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