The Ministry of Foreign Trade and Export Promotion clarifies that the classification of imported materials between 'semi-finished' and 'fully manufactured' primarily depends on their nature of use in production or consumption, and the classification of the same material may vary according to the activity of the economic operator, within a legal and technical framework that ensures the protection of national products. According to a written response from the Minister of Foreign Trade and Export Promotion, Kamel Rezig, to a question from the deputy, Rabah Jdidi, which 'Echorouk' reviewed, the classification of materials is done according to the provisions of the national customs tariff, where the nature of the material itself may vary according to the practiced activity; it may be considered a production input within the framework of an industrial transformation process, while it is regarded as a ready-to-consume product in another context, according to the tariff items.
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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