Increase in VAT rates

[shak]

The Moroccan minister of Finance has increased the VAT rate from 14% to 20%.

The above in is addition to paying VAT on mortgage interest for the life of the mortgage. Only Country in the world which does that.

VAT is payable on rents when we were told that in order to encourage tourism there will be no taxes for 5 years, part of Plan Azur & all that.