Tax
From The Report: Algeria 2015
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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.

Articles from this Chapter

Overview

Clarifying the rules: An outline of important tax regulations for investors
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Although 2015 will be recalled as a sensitive year for the Algerian economy, given the ongoing impact that the global drop in oil prices has had on the state budget, no significant increase in taxes has occurred and the Algerian tax system remains oriented around incentives for boosting manufacturing activity. Primary Tax Codes Structured around five key tax codes, the Algerian tax system is governed through the following: The Code of Direct Taxes and Related Taxes; The Code of Taxes on Sales,…

Viewpoint

A first step: Samir Hadj Ali, Chartered Accountant and Managing Partner, Mazars, on Algeria’s voluntary tax compliance programme
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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 are exempt from taxation with the banks, following the payment of a fixed-rate tax of 7%. The funds…