The cancellation of the 'individual tax return' and the recalculation of tax files at 8% even after the results of the audit, the declared amounts turn into a 'tax loan' subject to deduction from any future audit increases. Money launderers, owners of 200 billion, tobacco and precious metals dealers, and mobile distributors are not concerned. The tax authorities provided all the practical details of the exceptional procedure for voluntary tax settlement, which came into effect on January 1st, allowing natural and legal persons to integrate their undeclared funds into the official economic cycle, in exchange for a single tax paid at a rate of 8%. However, the instruction revealed deeper dimensions of this measure...
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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