Payment Terms Legislation In Morocco

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Morocco

Please scroll down for a summary of payment terms in Morocco and the various industries across which payment term legislation appears.

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Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Laws

Law 69-21 (Bulletin Officiel n° 7204, 15 June 2023) amends the Commercial Code on payment deadlines. Default term: 60 days from invoice where no term is agreed. Maximum agreed term: 120 days, or in some cases up to 180 days for seasonal sectors by decree. Late payment penalty: Bank Al-Maghrib key rate plus 0.85% per month of delay. Companies above MAD 50m turnover must file quarterly returns on overdue invoices. Administrative fines apply for persistent non-compliance.

Government Comm_terms_law Construction Manufacturing Retail_agriculture Services
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