MarocPress.com Cars luxeL'onde impact of taxation
Source: | 26 November 2013 | News | 21 views
Another measure that will controversy. It is the taxation 3ds xl of luxury cars. Failing to provide a structural response to the problem of financing the state budget, the project of taxing luxury 3ds xl cars, approved by the Finance 3ds xl Act 2014, which should enter into force on 1 January, shall be classified in the host of "scoops" tax. Of "scoops" that will not be without effect on the evolution of the automotive market. Admittedly, this blow, the government wants to encourage Moroccans to invest in cars with low fuel consumption. To achieve this, they brandish tax whip. But it is little case to make the desire and temptation to have a big fireball. At the same time, the application of this law relates to final a certain category of cars. Which is neither relevant nor appropriate to "small" national car market. In view of the number of cars involved, as there is a fury of majority parties. This tax does that ultimately will involve 8000 to 10,000 cars on a global fleet of 120,000 per year, at most. "One effect of political, symbolic and populist handle" a critical member 3ds xl of the opposition. Nothing more logical, meet members of the majority behind this tax. This is the logical continuation of the tax on the richest Moroccans (Finance 3ds xl Act 2013). Again, he had to justify the unjustifiable. Thus, as it was necessary to define the vague notion of luxury and opulence automobilistiques, the parliamentary group at the origin of this tax, decided to raise the bar car to submit this tax 400.000 DH and more. From this price, a car sold in Morocco is considered by the parliamentary party as a "luxury 3ds xl item." This is arbitrary, denounce dealers. True or false good measure good idea? In any case, this tax could hinder a little more the automotive market seems stall on the toolbar 120,000 sales per year on average. Is it the power it should be taxed or the price? Opinions differ. Who will pay what
The new charge is divided into four levels, 3ds xl ranging from 5 to 20%. It applies to all vehicles from 400,000 to 600,000 DH DH, the rate applied is 5%. Between 600001 and 799999 DH, double this rate to 10%. It is 15% for a car whose price is between 800,000 and 1 million DH. Beyond that, it becomes a luxury 3ds xl VAT, 20% on any car sold more than 1 million DH.
But logic would dictate that it be applied to the fiscal horsepower cars, knowing 3ds xl that beyond the political and symbolic nature of the charge, the idea penalizes energy bulimia these cars. The Aivam (Association of Importers of motor vehicles in Morocco) said his experience in this field. Furthermore, the different associations in the automotive sector faced with this kind of tax is the case in Italy, wrote to the Minister of Finance to claim the outright abolition. Their arguments? 3ds xl This new indirect tax would result in a final loss for the state, the loss of revenue caused by falling sales - a direct result of the tax increase in their eyes - being greater than the amounts earned. In Morocco, this tax would allow the state to garner between 40 and 50 million 3ds xl dirhams a year so obviously the vehicle sales remain at the same level before this "tax". 3ds xl In any case, experience shows that wherever else this tax is applied, the sales of the vehicles concerned have collapsed. This inevitably leads to a loss of revenue (VAT and thumbnails) 3ds xl for the state and a shortfall for the regions in terms of registration taxes. Aivam for this tax, as it was conceived, will have a rather negative effect on taxation. The disaster scenario dreaded by professionals, is to see the informal import, which pays neither VAT nor IR and sub-states, so do not pay tax either this famous ... supplant the formal network. They are unanimous in the organized importation circuit to predict a big break in this sector reported year after year Treasury 1 billion dirhams between VAT, IS, IR and other taxes ... "In trying to break in this way the circuit car dealership, the state instead of winning will lose a lot, "hammer importers distributors. Losses will not be financial. Lot of negative impact on jobs is to be feared. Nobody eventually wins, except maybe the new parallel 3ds xl market and opportunity 3ds xl in this destruction of the organized market will tend to play firefighters. And plague Mehdi Tak Ta
Source: | 26 November 2013 | News | 21 views
Another measure that will controversy. It is the taxation 3ds xl of luxury cars. Failing to provide a structural response to the problem of financing the state budget, the project of taxing luxury 3ds xl cars, approved by the Finance 3ds xl Act 2014, which should enter into force on 1 January, shall be classified in the host of "scoops" tax. Of "scoops" that will not be without effect on the evolution of the automotive market. Admittedly, this blow, the government wants to encourage Moroccans to invest in cars with low fuel consumption. To achieve this, they brandish tax whip. But it is little case to make the desire and temptation to have a big fireball. At the same time, the application of this law relates to final a certain category of cars. Which is neither relevant nor appropriate to "small" national car market. In view of the number of cars involved, as there is a fury of majority parties. This tax does that ultimately will involve 8000 to 10,000 cars on a global fleet of 120,000 per year, at most. "One effect of political, symbolic and populist handle" a critical member 3ds xl of the opposition. Nothing more logical, meet members of the majority behind this tax. This is the logical continuation of the tax on the richest Moroccans (Finance 3ds xl Act 2013). Again, he had to justify the unjustifiable. Thus, as it was necessary to define the vague notion of luxury and opulence automobilistiques, the parliamentary group at the origin of this tax, decided to raise the bar car to submit this tax 400.000 DH and more. From this price, a car sold in Morocco is considered by the parliamentary party as a "luxury 3ds xl item." This is arbitrary, denounce dealers. True or false good measure good idea? In any case, this tax could hinder a little more the automotive market seems stall on the toolbar 120,000 sales per year on average. Is it the power it should be taxed or the price? Opinions differ. Who will pay what
The new charge is divided into four levels, 3ds xl ranging from 5 to 20%. It applies to all vehicles from 400,000 to 600,000 DH DH, the rate applied is 5%. Between 600001 and 799999 DH, double this rate to 10%. It is 15% for a car whose price is between 800,000 and 1 million DH. Beyond that, it becomes a luxury 3ds xl VAT, 20% on any car sold more than 1 million DH.
But logic would dictate that it be applied to the fiscal horsepower cars, knowing 3ds xl that beyond the political and symbolic nature of the charge, the idea penalizes energy bulimia these cars. The Aivam (Association of Importers of motor vehicles in Morocco) said his experience in this field. Furthermore, the different associations in the automotive sector faced with this kind of tax is the case in Italy, wrote to the Minister of Finance to claim the outright abolition. Their arguments? 3ds xl This new indirect tax would result in a final loss for the state, the loss of revenue caused by falling sales - a direct result of the tax increase in their eyes - being greater than the amounts earned. In Morocco, this tax would allow the state to garner between 40 and 50 million 3ds xl dirhams a year so obviously the vehicle sales remain at the same level before this "tax". 3ds xl In any case, experience shows that wherever else this tax is applied, the sales of the vehicles concerned have collapsed. This inevitably leads to a loss of revenue (VAT and thumbnails) 3ds xl for the state and a shortfall for the regions in terms of registration taxes. Aivam for this tax, as it was conceived, will have a rather negative effect on taxation. The disaster scenario dreaded by professionals, is to see the informal import, which pays neither VAT nor IR and sub-states, so do not pay tax either this famous ... supplant the formal network. They are unanimous in the organized importation circuit to predict a big break in this sector reported year after year Treasury 1 billion dirhams between VAT, IS, IR and other taxes ... "In trying to break in this way the circuit car dealership, the state instead of winning will lose a lot, "hammer importers distributors. Losses will not be financial. Lot of negative impact on jobs is to be feared. Nobody eventually wins, except maybe the new parallel 3ds xl market and opportunity 3ds xl in this destruction of the organized market will tend to play firefighters. And plague Mehdi Tak Ta
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