In conjunction with Mazars, OBG explores the taxation system, examining Algeria’s investor-friendly environment. OBG talks to Samir Hadj Ali, Chartered Accountant and Managing Partner, Mazars, on Algeria’s voluntary tax compliance programme.…
Many stakeholders have viewed the Voluntary Tax Compliance Programme (Programme de Conformité Fiscale Volontaire, CFV), which has been set up under the provisions of the Supplementary Finance Law 2015, as a tax amnesty. However, these are different matters that should not be conflated. Article 43 of the Supplementary Finance Law allows any person, regardless of their tax status, to deposit funds that…
The fall in the international price of oil since mid-2014, however, is having a substantial economic impact, in particular on the country’s trade balance and government finances. On the positive side though, the drop in prices is accelerating efforts to further diversify the economy, pushing the government to open up the country to greater private and foreign investment in order to provide alter
The Algerian tax system is structured through several different tax codes, as follows: • The Code of Direct Taxes and Related Taxes; • The Code of Taxes on Sales, which is mainly dedicated to value-added tax (VAT); • The Code of Indirect Taxes; • The Code of Registration Duties; and • The Code of Stamp Duties. Another code, the Fiscal Procedures Code, regulates the relation between the…
Algeria has in its tax law attractive incentives to enhance research and development (R&D), such as allowing for the deduction of operating expenses incurred for scientific or technical research in the year in which these expenses were incurred. An additional incentive is for companies to deduct expenses incurred within the framework of R&D within a limit of 10% of their profits capped at AD100m…
In conjunction with Mazars, OBG explores the taxation system, examining Algeria’s investor-friendly environment. OBG talks to Samir Hadj Ali, Chartered Accountant and Managing Partner, Mazars, on encouraging research and development.…
Non-hydrocarbons GDP growth has also been robust in recent years and is expected to rise to 4.25% in 2014 on the back of higher industrial output. Most production and investment is still driven by the public sector, but efforts to extend credit to the private sector and support business creation are beginning to show positive results. Algeria’s economic fundamentals remain strong compared to bot
Unlike in prior years, the annual finance act for 2013 has not been amended by a mid-year complementary act impacting the tax laws. The Algerian tax system maintains its stability, while the finance act has mainly introduced a few adjusting provisions, together with a significant upgrade to procedures related to the documentation of transfer pricing. Both direct taxes (mainly corporate income…
Tax rates have a marked contribution to the growth of the economy, but each country or region has its specifics. In Algeria, tax rates have been at their lowest level for the last 50 years, but questions remain whether our competitive tax rates contribute to a more attractive business environment. Corporate income tax is at 19% for companies dealing in manufacturing activities and 25% for those…
In conjunction with Mazars Algeria, OBG explores the taxation system, examining Algeria’s investor-friendly environment. This chapter contains a viewpoint from Samir Hadj Ali, Managing Partner, Mazars Algeria.…
