Over MAD 6 Bln Disclosed under Voluntary Regularization of Assets Held Abroad

Over MAD 6 Bln Disclosed under Voluntary Regularization of Assets Held Abroad - Exchange Office

08 January 2021 Printable Version

Rabat - Total declarations part of the voluntary regularization of assets and liquidity held abroad for the 2020 budget year amounted to MAD 5.93 billion (MMDH) for 1,959 declarations, according to Morocco's Exchange Office.

Financial assets accounted for 46% of total declarations (MAD 2.74 billion), followed by real estate (MAD 1.93 billion) and liquid assets (21%, MAD 1.26 billion), the Office said in a press release.

The contribution in full discharge of liabilities paid to the Treasury amounted to MAD 528,6 million, it added.

The voluntary regularization of assets and liquidity held abroad, instituted by Article 8 of Appropriation law No 70-19 for the 2020 budget year as amended by the article 5 of the Amended Appropriation bill No 35-20, ended on December 31, 2020.