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Maroc Maroc - WN.COM - Environment - 13/Sep 03:14

Household businesses face opportunities, challenges as lump-sum tax ends

The change from lump-sum taxation to a self-declaration system aims to ensure transparency, fairness, and stronger private sector growth in line with Resolution 68-NQ/TW. HCM CITY — The lump-sum tax policy will be officially abolished starting from January next year, requiring household businesses to declare income, pay taxes accordingly, and comply with digital invoicing requirements instead of paying a fixed lump-sum tax. The change would open new opportunities for household businesses to access loans, expand operations, and transition into formal enterprises, while also posing considerable challenges during the transition, experts said at the seminar “Addressing Household Business...

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