The Moroccan tax administration recently issued guideline No. 725, which deals with the refund of excess input VAT. Prior to 1 January 2014, VAT refunds were generally not allowed and excess VAT was instead carried forward to offset future VAT payable. However, with Finance Law 2014, the refund of VAT was allowed in certain cases, including:

• VAT on exported goods;
• VAT on exempt supplies with t…