The total outstanding collections at the tax administration as of December 31, 2023, reached approximately 7.622,644 trillion dinars, of which 6.991,206 trillion dinars are tax debts. This comes at a time when the government announced a tax reconciliation allowing debtors to settle their situation by paying only 8 percent of their debts, along with other exemptions extending until December 31 of the upcoming year. According to a report issued by the Finance and Budget Committee of the National People's Assembly, related to the budget settlement project for the year 2023, outstanding collections and tax debts in Algeria continue to rise, posing a growing burden on public finances, with total accumulated debts at the tax administration reaching approximately 7.622,644 trillion dinars as of December 31, 2023, and...
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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