In the context of ongoing government efforts to reduce reliance on cash and push the national economy towards further digitization, authorities have established indirect incentive mechanisms to encourage the use of electronic payment methods, which do not target users directly but go through supporting commercial banks and Poste Algérienne. This approach is based on the principle of these entities bearing the commissions associated with electronic transactions, in exchange for benefiting from reductions in the taxable base for corporate profits, which alleviates the cost of these operations and opens the door for their gradual generalization among merchants and consumers. The tax directive will expand digitization in commercial banks and enhance financial solvency.
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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