The Payment Deadline Observatory (ODP) recently unveiled its annual report, highlighting the enforcement of financial penalties under Law No. 69.21, which amends Law No. 15-95 forming the Commercial Code. This report covers the last two quarters of 2023, focusing on payment deadlines. Here are the ten key points:
- Scope of declaration: A total of 4,769 companies, each with a turnover exceeding 50 million dirhams (MDH), were required to report their payment deadlines.
- Geographical concentration: Almost 80% of these reporting companies are located along the Tanger-El Jadida corridor.
- Industry breakdown: The commerce and manufacturing sectors top the list for the number of companies filing payment deadline reports.
- Revenue insights: Over 70% of the companies submitting reports have turnovers less than 200 million dirhams (MDH).
- Private sector dominance: An overwhelming 99% of the reporting companies belong to the private sector.
- Compliance rates: More than half of the companies (52.3%) reported no overdue invoices.
- Overdue concentration: Over 90% of overdue invoice amounts are concentrated between Rabat and Casablanca.
- Sectoral impact: The top sectors with the highest overdue invoice amounts include “Electricity, Gas, Steam, and Air Conditioning Supply,” “Mining,” “Manufacturing,” and “Commerce.”
- Large enterprises: More than 80% of overdue invoice amounts are associated with companies whose turnovers exceed 500 million dirhams (MDH).
- Total overdue invoices: Private companies reported overdue invoices totaling 6.66 billion dirhams (MMDH), accounting for 42.4% of the total declared.
