The President of the National Council of the National Chamber of Accountants, Mohamed Yahiaoui, issued strict recommendations to all accountants at the beginning of this year, emphasizing the immediate and complete compliance with the standards of the Financial Action Task Force 'FATF' as a critical element in supporting Algeria's exit from the gray list. He also specified the national laws that must be adhered to, which are 4 legal texts and 12 executive decrees. Yahiaoui confirmed that the profession of accountant is no longer a neutral technical role, but has become a direct national defense line against money laundering and the financing of terrorism, placing a heavy legal and ethical responsibility on its holders to protect the national economy. Yahiaoui warned that compliance is no longer a professional option, but a necessity.
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.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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