– "Wealth" represents 0.45% of the capital tax revenue – Tax revenues increase by 521.83 billion dinars in one year The minimum wealth tax remains the lowest revenue within the tax system in Algeria, as its revenues did not exceed 0.28 billion dinars in 2023, despite a 6.46% increase compared to 2022, which recorded a revenue of 0.26 billion dinars, and the wealth tax represents only 0.45% of the total revenue of the capital tax, which reflects its limited financial yield, and this situation is expected to be discussed within the parliament, during the study of the draft law settling the 2023 budget, which is scheduled to be presented to the deputies of the People's National Assembly during the month of...
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
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