Linking activity to digital platforms for tax administration and enhancing the tracking of invoices and declarations is part of the process to exit the gray list of FATF. The authorities have begun to expand the scope of digitization and oversight of certain economic activities classified as sensitive sectors, primarily the trade of precious metals and jewelry, which are among the areas that receive special attention in international standards for combating money laundering and terrorist financing. This comes in the context of Algeria continuing to implement reforms related to enhancing financial transparency and combating money laundering, to exit the gray list of the Financial Action Task Force, known as FATF. In this regard, the Minister requested...
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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