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| | | Forum Newbie
Group: Forum Members
Last Login: Tuesday, October 28, 2008 10:32 PM
Posts: 1, Visits: 4 |
| Can somebody please explain to me what is the deal with VAT on purchases of property in Morocco? I have read the most conflicting and confusing explanations 
Many thanks!
Roger |
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| | | Forum Newbie
Group: Forum Members
Last Login: Monday, October 13, 2008 1:24 AM
Posts: 2, Visits: 5 |
| | When you plan to invest in Moroccan property, be careful as the amount of charges and tax are really high. This happened to my colleague and he is so regretful that he put his first investment in Morocco. Morocco required 20% on new properties and 10% from it applies to the interest rate charged by the bank. It’s so disappointing! I think in other countries like Dubai has not VAT, I’m not sure though. |
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