[redangel7861]

Camel.

You seem to have a concerted effort against investing in Morocco. So I can't take what you say seriously. I'll have to confirm your VAT claims on Mortgages and rent.

I was always under the impression that VAT was charged on purchases (payables) and not receivables (income). Increasing VAT on off plan from 14% to 20% can be backed up as it is a payable. The government are just bringing VAT on off-plan in line with what they charge for other payables.

I very much doubt that VAT is payable on rent as this is a reciveable (again I'll have to confirm this). With regards to mortgages, if you take out a UK mortgage to fund your purchases then how the hell can the Moroccan Government charge VAT on a UK product. I assume you mean VAT on Moroccan mortgage products. Again I'll have to confirm that your information is correct on this.

Again, I will have to take your information with a pinch of salt, as you seem very negative towards investment in Morocco. Have you invested in Morocco, if not then what are you doing on thses boards. If your information is incorrect (which I will have to confirm), then your motives will have to be questioned by others as you obviously have a hidden agenda.