#BinanceAlphaAlert #بايننس #المغرب
👈 Morocco is preparing to implement strict tax measures on cryptocurrency market transactions, as part of its efforts to regulate this sector and provide a balanced legal environment. The main details of these measures include:
1️⃣ 👈Progressive Taxes👈: Imposing taxes on profits generated from buying and selling cryptocurrencies, at a rate ranging from 15% to 30%.
2️⃣ 👈Income Tax👈: Mining, temporary storage, and free distribution revenues are subject to income tax according to the applicable brackets, which range from 10% to 38%.
1️⃣ 👈Corporate Taxes👈: Companies will be subject to a tax ranging from 20% to 31% depending on the nature of the activities and their regularity.
2️⃣ 👈Tax Exemptions👈: Digital transactions may currently be exempt from value-added tax unless classified as activities generating a clear tax base.
3️⃣ 👈Accounting Obligations👈: Participants in the cryptocurrency market will be required to maintain detailed records of digital transactions on a daily basis and submit periodic reports to the relevant authorities.
4️⃣ 👈Penalties👈: Severe financial penalties and legal actions will be imposed in cases of serious violations of tax obligations.
👈 These measures aim to achieve a balance between regulating the cryptocurrency market and promoting financial innovation, while maintaining the stability of the national financial system. These measures are expected to be implemented by the year 2026.