The Finance and Budget Committee of the National People's Assembly proposed upgrading the National Property Directorate to a ministerial position, aiming to enhance its impact on the public treasury and improve the mechanism for periodically updating fees, during its meeting yesterday, chaired by Mohamed Ben Hachem, as part of the study of the draft budget settlement law for the year 2023. According to a statement from the National People's Assembly, committee members listened to a presentation by Abdel Rahman Kheidi, the Director General of National Properties, which addressed the main revenues collected from state property outcomes, land surveying, and property preservation, where revenues reached 86,160,890,008 DZD as of December 31, 2023, with an achievement rate of 127.24% compared to the estimated figures of 68,286,960,000 DZD. Watch...
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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