Tax hikes: The details of the DGID

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XALIMANEWS- “He returned from certain positions, relayed by the press, that the modifications of the General Tax Code (CGI) brought by law n ° 2019-17 of December 20, 2019 relating to the finance law for the year 2020 translate into higher taxes which could mean higher prices for consumer goods. The Directorate General of Taxes and Domains (DGID) wishes to clarify that the changes to the CGI have mainly focused: – on the one hand, on the simplification of the tax system to facilitate the voluntary discharge of the obligations of declaration and payment of taxes; – and, on the other hand, on the reduction of taxes and duties, in particular for the benefit of small and medium-sized enterprises (SMEs). The general objective of these modifications is the implementation of a more suitable tax system which combines simplicity and efficiency, with a view to promoting the harmonious development of SMEs, which constitute an important lever for economic growth, both in terms of the creation of ‘jobs only in terms of diversification of national production. Moreover, the new tax created, namely, the Tax Compliance Levy (PCF) is aimed at natural and legal persons who carry out imports without fulfilling all their internal tax obligations. “, Explains a press release from the Directorate General of Taxes and Domains.



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