The continuation of the validity of commitment licenses for investment after the end of the fiscal year is conditional on compliance with the applicable legislation and regulations. The Ministry of Finance, by virtue of a joint instruction between the General Directorate of Budget and the General Directorate of Treasury and Accounting, ordered the continuation of public investment operations and not linking them to the end of the fiscal year, by allowing the transfer of commitment licenses to the following year when necessary. This approach reflects a significant shift in the management of public projects, as expenses are no longer restricted to a single fiscal year, but can extend their effects over several years, in line with the nature of major projects that require longer completion periods. This instruction also enshrines...
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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