[ Le risque fiscal lié aux opérations de fusion: Cas du Maroc ]
Volume 38, Issue 4, February 2023, Pages 970–978
El Mehdi Ajjig1, Nouha El Abdelaoui2, and Kaoutar El Menzhi3
1 Département des sciences économiques et de gestion, Faculté des Sciences Juridiques, Economiques et Sociales-Souissi, Université Mohammed V, Rabat, Morocco
2 Département des sciences économiques et de gestion, Faculté des Sciences Juridiques, Economiques et Sociales-Souissi, Université Mohammed V, Rabat, Morocco
3 Département des sciences économiques et de gestion, Faculté des Sciences Juridiques, Economiques et Sociales-Souissi, Université Mohammed V, Rabat, Morocco
Original language: French
Copyright © 2023 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
With the signing of several bilateral and regional free trade agreements, Morocco has moved towards an economy that advocate international openness and market liberalization. It had to develop a strategy to help local businesses, made up mainly of small and medium-sized enterprises, to face international competition. It is in this logic that the Moroccan legislator has introduced measures into the general tax code with the aim of encouraging concentration and restructuring operations of companies in order to enable them to increase their performance and their competitiveness in the face of international competition. Indeed, these concentration and restructuring operations, called mergers, involve tax risks. This article aims to provide a clarification of the concept of tax risk, to present the forms of mergers proposed by Moroccan legislation and to shed light on the tax risk that these operations may entail.
Author Keywords: Free exchange, International competition, Tax risk, Merger, Tax compliance, Tax benefit, Tax expenditure.
Volume 38, Issue 4, February 2023, Pages 970–978
El Mehdi Ajjig1, Nouha El Abdelaoui2, and Kaoutar El Menzhi3
1 Département des sciences économiques et de gestion, Faculté des Sciences Juridiques, Economiques et Sociales-Souissi, Université Mohammed V, Rabat, Morocco
2 Département des sciences économiques et de gestion, Faculté des Sciences Juridiques, Economiques et Sociales-Souissi, Université Mohammed V, Rabat, Morocco
3 Département des sciences économiques et de gestion, Faculté des Sciences Juridiques, Economiques et Sociales-Souissi, Université Mohammed V, Rabat, Morocco
Original language: French
Copyright © 2023 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
With the signing of several bilateral and regional free trade agreements, Morocco has moved towards an economy that advocate international openness and market liberalization. It had to develop a strategy to help local businesses, made up mainly of small and medium-sized enterprises, to face international competition. It is in this logic that the Moroccan legislator has introduced measures into the general tax code with the aim of encouraging concentration and restructuring operations of companies in order to enable them to increase their performance and their competitiveness in the face of international competition. Indeed, these concentration and restructuring operations, called mergers, involve tax risks. This article aims to provide a clarification of the concept of tax risk, to present the forms of mergers proposed by Moroccan legislation and to shed light on the tax risk that these operations may entail.
Author Keywords: Free exchange, International competition, Tax risk, Merger, Tax compliance, Tax benefit, Tax expenditure.
Abstract: (french)
Avec la signature de plusieurs conventions de libre échange bilatérales et régionales, le Maroc s’est orienté vers une économie qui prône l’ouverture à l’international et la libéralisation des marchés. Il se devait d’élaborer une stratégie pour aider les entreprises locales, composées majoritairement de petites et moyennes entreprises, à faire face à la concurrence internationale. C’est dans cette logique que le législateur marocain a introduit au Code Général des Impôts des mesures avec pour objectif d’encourager les opérations de concentration et de restructuration des entreprises afin de leurs permettre d’augmenter leur performance et leur compétitivité face à la concurrence internationale. En effet, ces opérations de concentration et de restructuration, appelées fusions, comportent des risques fiscaux. Cet article a pour objectif d’apporter une clarification du concept du risque fiscal, présenter les formes de fusions proposées par la législation marocaine et de mettre la lumière sur le risque fiscal que peut comporter ces opérations.
Author Keywords: Libre échange, Concurrence internationale, Risque fiscal, Fusion, Conformité fiscale, Avantage fiscal, Dépense fiscale.
How to Cite this Article
El Mehdi Ajjig, Nouha El Abdelaoui, and Kaoutar El Menzhi, “Tax risk related to merger operations: Case of Morocco,” International Journal of Innovation and Applied Studies, vol. 38, no. 4, pp. 970–978, February 2023.
