Page 2 - Weekly highlights 6926

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Weekly highlights

Transfer of ownership

The new procedure

T HE 2025 Finance Act revi- simple documents such as a request,
a query, a piece of information of any
sited the conditions applicable
kind, etc. But in the case of a contract
to the registration of deeds
and agreements with the National of sale, donation, exchange, sharing,
Land Registry Agency (Agence na- exchange, donation, mortgage, mor-
tionale de la conservation foncière). tgage release, etc., the registration
On December 30, the Agency issued procedure with the tax authorities
an internal memo to all registrars, is compulsory”, points out M’barek
highlighting the new procedure co- Sbaghi, notary in Casablanca.
dified in articles 139-I and 127-I of He adds that “ Moreover, the General
the 2025 version of the General Tax Tax Code, the Land Law and, above
Code. all, Law No. 32-09 governing the
Accordingly, no deed transferring notarial profession require notaries
ownership of real estate, which is to submit to the Land Registry only
subject to the formality of registra- Following the introduction in 2024 of the requirement to obtain a tax clearance certificate prior to deeds that have already been regis-
tion, will be accepted by registrars drafting deeds and agreements, the legislator has introduced new provisions, including electronic tered «. In fact, Article 47 of Law
unless it has first been registered signatures by notaries and a fine for failing to provide certain information. n°32-09 states that “ a notary must
with the Directorate General of Taxes submitted for deposit with the Natio- before being registered with the Land submit copies of writings and deeds,
(DGI) on the basis of a model form nal Land Registry Agency or for entry Registry, all deeds must go through certified as true copies of the original
drawn up by the administration in in the land register is accompanied by the registration service, either with by him or her, to the competent regis-
lieu of a certificate of registration. the mandatory form. Failure to do so payment of a fixed or proportional tration office for registration, pay the
This document enables the registrar will result in the formality being re- rate, or with total exemption from amount due within the time limit set
to verify that the deed has actually jected. It goes without saying that the payment. All deeds, whatever their by law, and complete the formalities
been registered, and that the relevant new procedure applies to formalities nature, must therefore first be regis- required for registration in the land
fees have been paid. carried out on or after January 01, the tered with the Directorate General registers ”. o
Consequently, the Kingdom’s regis- date on which the 2025 Finance Act of Taxes before being filed with the Hassan EL ARIF
trars will have to check that the deed comes into force. “As a general rule, Land Registry, with the exception of

Poultry/Eggs

Why are prices soaring again?

S OARING chicken and egg prices of these staple foods are a
prices are a growing concern
cause for concern. All the more so
for householders. Since last
(120 dirhams (USD 12) per kilo on
summer, prices have been rising as red meat has reached its peak
steadily, to the point of causing great average), despite cattle and sheep
concern among consumers and retai- imports. It should be noted that since
lers alike. As a reminder, the steepest red meat prices have soared, house-
price rise reached 30 dirhams (USD holds on limited incomes are turning
3) per kilo a few months ago. Today, more to poultry, for lack of means.
the price fluctuates between 22 and Faced with this situation, the Minis-
25 dirhams (USD 2.2 and 2.5) per ter of Agriculture (Ahmed El Bouari)
kilo, depending on the souks and and the Director General of the Food
supermarkets. For eggs, the price is Safety Agency (ONSSA) received
1.5 dirhams (USD 0.15) / unit, com- a delegation of FISA executive
pared with 2.50 or even 2.80 dirhams members. The aim is “ to examine
(USD 2.8) for so-called beldis eggs the poultry sector and take stock of
(eggs from free-range chicken). According to FISA: “Although they play a decisive role between producers and consumers, interme- national market supplies of poultry
diaries remain a factor driving up the price of poultry products (Photo by Khalifa)
These recurrent price rises are due to meat and eggs for consumption ”
the rising cost of raw materials, no- Poultry Federation (Fisa), “ the deter- with the festive season, the price per on the eve of the month of fasting.
tably cereals used to feed chickens, mination of sales prices for poultry kilo fluctuated between 22 dirhams Poultry industry professionals sound
speculation by certain producers, products on national markets is the and 25 dirhams (USD 2.2 and 2.5) reassuring about this month’s peak
the multiplication of intermedia- result of strict supply and demand (depending on the town, traditional consumption of poultry, eggs, and
ries throughout the marketing chain mechanisms ”. This allows specula- markets (souks), and supermarkets). fish. They assert having taken all the
(from stable to market), and the ab- tors to make the most of the current As for eggs, they vary between 1.50 necessary steps to guarantee normal
sence of regulation and the rare ins- situation, to the great detriment of Dirhams and 2.50 Dirhams for beldi market supplies.o
pection operations... consumers. (free-range) chicken. With Rama-
According to the Interprofessional During the week, which coincided dan just two months away, the high Amin RBOUB
Friday 10 January 2025