Many Moroccan companies will now be exempt from tax as part of a new investment promotion law. This will only be applied to companies that engaged in what is described as 'industrial transformation.'
This will apply to many textile exporters who have suffered recently from intense competition, along with other countries in the region, such as Tunisia. Morocco has been pressured to boost its private sector in a mainly public sector dominated economy. This tax exemption is somewhat controversial, however, because it will apply only to a limited number of companies. (albawaba.com)
