Payment Deadlines: Compliance Secured, Penalties Avoided
Law 69-21 requires all companies with annual turnover exceeding MAD 2 million (excluding VAT) to file periodic declarations on their supplier payment deadlines. Non-compliance triggers fines ranging from MAD 5,000 to 250,000, plus MAD 5,000 per missing or inaccurate invoice.
Upsilon Consulting handles the entire declaration process: from analyzing your accounting data to certifying your filings.
Our Services
- Eligibility Assessment — Verification of the turnover threshold based on the last closed fiscal year, identification of the reference year, applicability year and applicable declaration schedule.
- Declaration Preparation — Extraction of general ledger data (invoices unpaid within deadlines, invoices paid late), calculation of the gap in days between invoice date and actual payment date, preparation of quarterly or annual declarations on SIMPL.
- Certification and Attestation — Issuance of the mandatory compliance attestation as chartered accountant, engaging our professional liability.
- Penalty Calculation — Computation of late payment penalties (BAM rate + 0.85%/month) and electronic payment of fines due.
2026 Filing Calendar
| Situation | First Declaration | Frequency |
|---|---|---|
| Turnover > MAD 10M | Already ongoing | Quarterly |
| MAD 2M < Turnover ≤ 10M, threshold exceeded in 2024 | Annual before April 1, 2026 | Quarterly from Q1 2026 |
| MAD 2M < Turnover ≤ 10M, threshold exceeded in 2025 | Quarterly Q1 2026 (before April 30) | Quarterly |
Key Points
- Since January 1, 2025, invoices below MAD 10,000 are no longer excluded
- The declaration must be filed even when no invoices are overdue (nil declaration)
- The payment deadline used is the actual date the payment appears on the bank statement, not a theoretical date
- Holdings, civil partnerships (SCP) and non-commercial individuals are also subject to the law (DGI position of March 27, 2026)
Reference Documents
- Law 69-21 on Payment Deadlines (PDF)
- Upsilon Information Note — Payment Deadlines 2025 (PDF)
- DGI Position — Holdings, Civil Partnerships and Natural Persons
Contact us for a free assessment of your payment deadline obligations.
