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EU Removes Morocco From 'Grey' List of Tax Havens

A girl holds a traditional bread at a bakery in Ouled Moussa district, on the outskirts of Rabat, Morocco April 24, 2018. REUTERS/Youssef Boudlal
A girl holds a traditional bread at a bakery in Ouled Moussa district, on the outskirts of Rabat, Morocco April 24, 2018. REUTERS/Youssef Boudlal
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EU Removes Morocco From 'Grey' List of Tax Havens

A girl holds a traditional bread at a bakery in Ouled Moussa district, on the outskirts of Rabat, Morocco April 24, 2018. REUTERS/Youssef Boudlal
A girl holds a traditional bread at a bakery in Ouled Moussa district, on the outskirts of Rabat, Morocco April 24, 2018. REUTERS/Youssef Boudlal

The European Union (EU) announced removing Morocco from its “grey” list of tax havens.

The decision recognizes Morocco’s efforts to comply with international tax governance standards.

A spokesperson for the EU confirmed the news to Morocco’s state media.

The unnamed spokesperson said Morocco complies with all international standards, allowing it to be included in the restricted and coveted club of countries that have demonstrated positive developments in their tax practices.

“Since 2018, Morocco has engaged in actions aimed at ensuring the compliance of its tax system with the global principles of transparency and fair taxation as included in the criteria of the EU list,” the spokesperson said.

The EU official also recalled Morocco’s reforms, especially the recent amendments to the tax regime of Casablanca Finance City to make it in line with the principles of fair tax competition.

Morocco has also reformed, in line with EU standards, two preferential tax regimes relating to free zones and export companies.

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China Expands Visa-free Entry to More Countries in Bid to Boost Economy

Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)
Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)
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China Expands Visa-free Entry to More Countries in Bid to Boost Economy

Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)
Shoppers with their purchased goods walk past a popular outdoor shopping mall in Beijing, on Nov. 14, 2024. (AP Photo/Andy Wong)

China announced Friday that it would expand visa-free entry to citizens of nine more countries as it seeks to boost tourism and business travel to help revive a sluggish economy.
Starting Nov. 30, travelers from Bulgaria, Romania, Malta, Croatia, Montenegro, North Macedonia, Estonia, Latvia and Japan will be able to enter China for up to 30 days without a visa, Foreign Ministry spokesperson Lin Jian said.
That will bring to 38 the number of countries that have been granted visa-free access since last year. Only three countries had visa-free access previously, and theirs had been eliminated during the COVID-19 pandemic.
The permitted length of stay for visa-free entry is being increased from the previous 15 days, Lin said, and people participating in exchanges will be eligible for the first time. China has been pushing people-to-people exchange between students, academics and others to try to improve its sometimes strained relations with other countries, The Associated Press reported.
China strictly restricted entry during the pandemic and ended its restrictions much later than most other countries. It restored the previous visa-free access for citizens of Brunei and Singapore in July 2023, and then expanded visa-free entry to six more countries — France, Germany, Italy, the Netherlands, Spain and Malaysia — on Dec. 1 of last year.
The program has since been expanded in tranches. Some countries have announced visa-free entry for Chinese citizens, notably Thailand, which wants to bring back Chinese tourists.
For the three months from July through September this year, China recorded 8.2 million entries by foreigners, of which 4.9 million were visa-free, the official Xinhua News Agency said, quoting a Foreign Ministry consular official.