Westfield Morocco (English)

LAV20_WB Download The creation of the CNDP an imperative for morocco’s attractiveness on an international scale The promulgation of Law 09-08 is part of the modernization of the Moroccan legal system relating to the protection of personal data in order to consolidate and strengthen its system of citizen protection against new technologies, and so that Morocco is up to the new challenges posed by digital, and in particular electronic commerce. The security of personal data has become a central issue for investors who before transferring their data to a target country no longer hesitate to conduct a very thorough due diligence of the standards and rules applicable to their client’s personal data and the security of their data. It is in this spirit and in accordance with international conventions and in application of European directives, precisely by virtue of Morocco’s accession to Convention No. 108 of the Council of Europe, that Law 09-08 created in accordance with ...

The CFC regime has been strongly revised by The Decree Law 2-20-665 of 30 September 2020 and its implementing decree Decree No. 2-20-841 of 8 Jumada I 1442 (23 December 2020) to meet international standards in terms of international taxation and in particular the notion of substance of companies. The notion of Regional Headquarters is replaced by the notion of Technical and Administrative Service Provider, they can now invoice intra and extra-group services and no longer only intra-group. Companies with the status before the entry into force of the decree-law have one year after the entry into force of the implementing decree, i.e. on 24 December 2021, to comply with the following provisions provided for in Article 2 and 3 of Implementing Decree No. 2-20-841: ART. 2.– In order to assess the effectiveness and substance of the proposed activity in the light of the criteria laid down in Article 1 above, the financial and non-financial undertakings provided for in Articles 4 and 5 of ...